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This Value Stock Just Plunged. Should You Buy the Dip?
SIGSignet(SIG) The Motley Fool·2024-06-16 10:35

As a result, revenue fell 9.4% year over year to 1.51billion,matchinganalystestimatesandthecompany′sownguidance.However,profitsfellsharplyalongwiththedeclineinrevenueasadjustedoperatingincomeslippedfrom1.51 billion, matching analyst estimates and the company's own guidance. However, profits fell sharply along with the decline in revenue as adjusted operating income slipped from 106.5 million to 57.8million.Thecompanyreportedadjustedearningspershareof57.8 million. The company reported adjusted earnings per share of 1.11, down from $1.78 in the quarter a year ago. Coming into its first-quarter earnings report, Signet Jewelers (SIG -5.50%) appeared to be executing its business plan effectively. The world's larg ...