RTTNews | Mar 18, 2021 07:35AM EDT

07:35 Thursday, March 18, 2021 (RTTNews.com) - Shares of diamond jewelry retailer Signet Jewelers Limited (SIG) are up more than 6% in the pre-market trade on Thursday following upbeat fourth quarter results. The company also provided first quarter and full-year revenue outlook, better than the Street view.

Signet reported net income of $245.7 million or $4.12 per share in the fourth quarter, up from $178.8 million or $3.14 per share in the same quarter a year ago.

Adjusted earnings were $4.15 per share, that beat the average estimate of five analysts polled by Thomson Reuters at $3.54 per share.

Sales for the quarter increased 1.5% year-over-year to $2.186 billion from $2.153 billion. The consensus estimate was for $2.1 billion.

Looking forward to the first quarter, the company sees revenue to be in the range of $1.42 billion - $1.46 billion. Analysts expect revenue of $1.28 billion for the quarter.

For the full-year, revenue is expected in the range of $5.85 billion to $6.00 billion. The consensus estimate is for $5.74 billion.

SIG closed Wednesday's trading at $59.35, down 0.77%.

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