Zale Corp. (ZLC) reported a first quarter net loss of $0.88 per share after the bell Tuesday, compared to the loss of $0.99 per share last year. The consensus estimate was for a loss of $0.68. Revenues were $357 million, an increase of 1.8 percent from $351 million a year ago. The consensus estimate was for revenues of $364.65 million. The company expects to achieve positive net income for fiscal year 2013. The consensus estimate is for EPS of $0.29.
Zale Corp. gapped open sharply lower Tuesday and declined in the first half hour of trade, before settling into a range. The stock closed down by 2.23 at $5.21 on the highest volume of the year. Zale dropped to over a 2 1/2 month low and fell below its 50-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.