Signet Jewelers Shares Rise After Strong Earnings Report and FuelCell Energy Shares Tumble After Earnings Misss đź’Ť

by 11 Jun, 2021

Signet Jewelers Shares Rise After Strong Earnings Report and FuelCell Energy Shares Tumble After Earnings Miss

Signet Jewelers

On Thursday, shares of Signet Jewelers surged, closing up 13.99%.

Shares of the world’s largest retailer of diamond jewelry rose after the company reported strong Q1 earnings.

The company reported earnings of $2.23 per share on $1.69 billion in revenue, beating analysts’ expectations of $1.27 per share on $1.62 billion in revenue. Revenue grew 98.2% from last year. Same-store sales grew 106.5% from last year, beating analysts’ expectations of a 93% increase. The company projected its fiscal 2022 revenue to be $6.5 billion to $6.65 billion.

Shares of Signet Jewelers have skyrocketed over 150% this year.

FuelCell Energy  

On Thursday, shares of FuelCell Energy plunged, closing down 10.74%.

Shares of the American fuel cell power company plunged after the company missed Q2 earnings forecasts, including an unexpected fall in revenue.

The company reported a net loss grew by if $18.9 million, or $0.06 per share. Analysts were expecting a loss of $0.05 per share. Quarterly revenue fell by 26%, to $14 million. Analysts were expecting revenue of $19.2 million — FuelCell Energy missed big on Thursday.

Shares of FuelCell Energy have fallen more than 9% this year.

 I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

 

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