Signet Raises Outlook, Constellation Sells Power to Meta, Dollar General Earnings
On this episode of Stock Movers:
- Signet Jewelers (SIG) shares climb 14% in premarket trading after the owner of Kay Jewelers boosted its adjusted earnings per share forecast for the full year, following first-quarter results that was ahead of expectations.
- Nuclear stocks gain in US premarket trading after Constellation Energy (CEG)agreed to sell power from an operating nuclear plant in Illinois to Meta Platforms, an agreement that could lead to the construction of a new reactor at the site.
- Dollar General (DG) slightly increased its annual guidance after the first quarter topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.
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