UPDATE: Signet Reports Upbeat Q3 Profit

Signet Jewelers Ltd (NYSE: SIG) reported a better-than-expected quarterly profit.

Signet's quarterly net income surged to $26.1 million, or $0.30 per share, from $6 million, or $0.07 per share, in the year-ago period. Its overall sales came in at $710.5 million. However, analysts were expecting earnings of $0.21 per share on revenue of $681.21 million.

SIG shares gained 4.09% to $45.32 in pre-market trading.