Signet shares rally as 2Q sales, profit beat expectations

Shares of Signet Jewelers jumped more than 10 per cent Thursday morning  in New York after the jewelry retailer beat expectations in its second quarter earnings report. “With the flurry of global market noise, we believe a market share leader, in an e-commerce protected operation, focusing on a US centric customer is a very compelling proposition,” wrote Simeon Segal, an analyst at Nomura, reiterating his buy recommendation for the shares...Read More