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