Diamonds and Dogs
Signet Jewelers (SIG) is sparkling. The jeweler is up 25% to new highs for the year thanks to better than expected earnings. The company reported earnings of 52 cents a share easily beating estimates of 20 cents. Revenue climbed 1.5% year over year to $1.42 billion. The CFO will be stepping down which is typically a negative, but the Signet Jeweler raised guidance for the full year. Looks like better days lie ahead of Signet.
Electronic Arts (EA) not doing well on the Battlefield. The video game maker is down 9% back to a four month low after delaying the arrival of a much-anticipated game, Battlefield V. The latest installment in its popular war simulation series, will now arrive Nov. 20, with an executive citing "final adjustments to core gameplay" and the game's live service. Some analysts had already wondered whether "Battlefield" might be poised to deliver less-than-stellar results.