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Stock Market & Financial Investment News

News Breaks
March 27, 2014
11:19 EDTNILE, SIG, TIF, ZLCSignet Jewelers hits 52-week high after quarterly results top estimates
Shares of specialty jeweler Signet Jewelers (SIG) are advancing after the company's fourth quarter results topped expectations. WHAT'S NEW: This morning, Signet Jewelers reported fourth quarter earnings per share of $2.18 and revenue of $1.56B, compared to expectations of $2.15 and $1.55B, respectively. The company reported Q4 same store sales rose 4.3%, with Kay brand SSS up 4.9%, Jared SSS up 4.1% and Regional brands SSS down 3.1%. WHAT'S NOTABLE: On February 19, Signet agreed to acquire Zale Corporation (ZLC) for $21.00 per share in cash. Signet Jewelers forecast Q1 EPS ex-acquisition costs of $1.24-$1.28, compared to consensus $1.28. The company sees acquisition costs impacting Q1 EPS by 10c-8c, resulting in total first quarter EPS in the range of $1.14-$1.20. The recently announced acquisition of Zale will result in the realization of incremental expenses prior to the close of the transaction, as the final close date is dependent upon Zale stockholder and regulatory approval and the satisfaction of closing conditions. Signet anticipates Q1 SSS to rise 3%-4%. The company also raised its quarterly dividend to 18c from 15c per share. PRICE ACTION: In late morning trading, Signet Jewelers rose $6.56, or 6.6%, to $104.87 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $107.38. The stock is up over 65% over the past twelve months. OTHERS TO WATCH: Other companies in the jewelry space include Tiffany & Co. (TIF) and Blue Nile (NILE).
News For SIG;ZLC;TIF;NILE From The Last 14 Days
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May 26, 2015
15:00 EDTTIFNotable companies reporting before tomorrow's open
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13:57 EDTTIFTiffany technical comments before earnings
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10:53 EDTTIFRumors of LVMH interest in Tiffany likely to resurface, CTFinancialNews says
The underperformance in shares of Tiffany (TIF) has previously stoked rumors that LVMH Mot Hennessey (LVMHY) is interested in acquiring the jeweler and those rumors will likely resurface after Tiffany reports earnings tomorrow before the open, said CTFinancialNews, citing comments from Driscoll Advisors' Marie Driscoll. Reference Link
May 22, 2015
07:58 EDTTIFTiffany June volatility elevated into Q1 and outlook
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