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Signet Jewelers Ltd. (SIG) Has Surged To A 3-Month High On Q2 Earnings

Signet Jewelers Ltd. (SIG) reported second quarter adjusted EPS of $1.28 Thursday morning, which topped the consensus estimate of $1.15. Third quarter adjusted EPS is expected to be between $0.36 and $0.40. Analysts are expecting EPS of $0.37.

Signet Jewelers has gapped open sharply higher this morning and is now up 14.45 at $135.74 on above average volume. The stock has surged to a 3-month high and has re-crossed its 50 and 200-day moving averages.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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