HAMILTON, Bermuda (AP) _ Signet Jewelers Ltd. (SIG) on Tuesday reported a fiscal third-quarter loss of $3.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 20 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share.
The jewelry company posted revenue of $1.16 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.17 billion.
Signet expects full-year earnings to be $6.10 to $6.50 per share.
Signet shares have dropped 20 percent since the beginning of the year. The stock has declined 15 percent in the last 12 months.
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