HAMILTON, Bermuda (AP) — Signet Jewelers Ltd. (SIG) on Wednesday reported fiscal fourth-quarter profit of $351.3 million.
The Hamilton, Bermuda-based company said it had profit of $5.24 per share. Earnings, adjusted for pretax gains, were $4.28 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.26 per share.
The jewelry company posted revenue of $2.29 billion in the period.
For the year, the company reported profit of $519.3 million, or $7.44 per share. Revenue was reported as $6.25 billion.
Signet expects full-year earnings in the range of $3.75 to $4.25 per share, with revenue in the range of $5.9 billion to $6.1 billion.
Signet shares have decreased 15 percent since the beginning of the year. The stock has dropped 30 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIG at https://www.zacks.com/ap/SIG