Jewelry Stock Surges After Years Of Mostly Sideways Action

Signet Jewelers early Wednesday easily beat fiscal second-quarter earnings estimates and guided higher for the full year. Shares of the long-term laggard surged in morning trade. For its second fiscal quarter, Signet Jewelers (SIG) reported adjusted earnings per share of $2.19, up 36% vs. a year earlier and handily beating analysts' expectations of $1.74, reflecting improved margins. Sales of $1.53…