Signet Jewelers Posts Better-Than-Expected Earnings, Joins NETGEAR, Lovesac And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | September 12, 2024 10:45am

U.S. stocks were mixed, with the Dow Jones index falling around 50 points on Thursday.

Shares of Signet Jewelers Limited (NYSE:SIG) rose sharply during Thursday's session after reporting better-than-expected second-quarter earnings and stronger than anticipated third-quarter revenue outlook.

Signet reportedasecond-quarter sales decline of 7.6% year-on-year to $1.49 billion, missing the analyst consensus estimate of $1.50 billion. Adjusted EPS of $1.25 beat the analyst consensus estimate of $1.14.

Signet Jewelers shares jumped 18.8% to $92.83 on Thursday.

Here are some other big stocks recording gains in today's session.

NETGEAR, Inc. (NASDAQ:NTGR) shares jumped 31.3% to $20.93 after the company disclosed a settlement agreement with TP-Link Systems and raised its third-quarter revenue guidance.
The Lovesac Company (NASDAQ:LOVE) gained 24.7% to $26.23 after the company reported better-than-expected quarterly EPS results.
Summit Therapeutics Inc. (NASDAQ:SMMT) climbed 21.5% to $27.57 after the company announced it raised $235 million in net proceeds.
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 21% to $4.9301. The company recently company reported second-quarter financial results.
LiveWire Group, Inc. (NASDAQ:LVWR) rose 15.2% to $6.49.
JBDI Holdings Limited (NASDAQ:JBDI) surged 14% to $24.14.
Byrna Technologies Inc. (NASDAQ:BYRN) gained 13% to $16.29.
Coeur Mining, Inc. (NYSE:CDE) climbed 12.7% to $6.48. Coeur announced achievement of key milestones at expanded Rochester Mine.
B2Gold Corp. (NYSE:BTG) gained 11.1% to $3.0450.
NANO Nuclear Energy Inc. (NASDAQ:NNE) rose 8.8% to $11.79.
Equinox Gold Corp. (NYSE:EQX) climbed 7.3% to $6.06.
Medical Properties Trust, Inc. (NYSE:MPW) rose 7.1% to $5.16 after the company announced it reached a global settlement agreement that restored its control over its real estate and severed its relationship with Steward Health Care.
Warner Bros. Discovery, Inc. (NASDAQ:WBD) gained 7.1% to $7.44.