Signet Jewelers Stock Plunges After Retailer Issues Weak Guidance

Key TakeawaysSignet Jewelers shares plunged after the company's fourth-quarter sales and revenue guidance fell short of anaylsts' estimates. The stock was down more than 10% in early-afternoon trading Wednesday.The operator of Kay Jewelers, Zales, Jared and Blue Nile said it expects U.S. "engagement incidents" to be down in the current quarter.Signet also boosted its dividend and named a new board chair. Shares of Signet Jewelers (SIG) plunged Wednesday after the jewelry chain’s quarterly sales and guidance ...