Signet Jewelers Stock Surges 20% On Strong Q4 Earnings

(RTTNews) - Signet Jewelers Limited (SIG) is trading at $56.50, up 16.98 percent or $8.20 during Wednesday's trading, following the release of its fourth-quarter earnings. The company reported sales of $2.35 billion, compared to $2.50 billion in the prior-year quarter.

The stock opened at $58.53 and has traded between $56.00 and $60.25 so far, compared to a previous close of $48.30 on the New York Stock Exchange. Trading volume has reached 2.69 million shares, exceeding the average of 1.6 million. The stock's 52-week range is $45.55 to $112.06.

Net income came in at $100.6 million, down from $626.2 million a year ago.