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Signet Jewelers' stock drops 12% after reporting a 3.1% decline in Q3 revenue to $1.35B.
Signet Jewelers, the world's largest diamond jeweler, saw its stock fall 12% after reporting a 3.1% drop in third-quarter revenue to $1.35 billion.
The decline was due to challenges from digital integration and leadership changes.
Despite cutting its full-year guidance, Signet remains optimistic about long-term growth through strategies like engagement recovery and operating efficiencies.
With a price-to-earnings ratio under 10, the stock might be viewed as a value opportunity.
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Las acciones de Signet Jewelers bajan 12% después de reportar una disminución del 3,1% en los ingresos del Q3 a $1,35B.