Signet Jewelers Shares Plunge 10% on Lowered Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/SIG'>Signet Jewelers (NYSE:SIG)</a> shares dropped more than 10% intra-day today after the company cut its guidance for the full-year profit and revenues.</p>
<p>The company reported Q1 adjusted EPS of $1.78 and revenue of $1.67 billion, compared to the Street estimates of $1.44 and $1.71 billion, respectively. Same-store sales fell 13.9% year-over-year.</p>
<p>For Q2, management expects revenue in the range of $1.53-1.58 billion, below the Street's estimate the $1.75 billion,  For the full year, the company sees EPS at $9.79 and revenue at $7.2 billion from the prior estimates of $11.33 and $7.755 billion, respectively. Street estimates stand at $11.11 for EPS and $7.73 billion for revenues.</p>

NYSE:SIG