Zale Corporation (ZLC) reported a second-quarter profit of $41.20 million, or $1.02 per share, higher than $28.83 million, or $0.77 per share in the previous year period. On average, four analysts polled by Thomson Reuters expected the company to report a profit of $0.99 per share. Analysts' estimates typically exclude special items.
Meanwhile, revenues were $670.75 million, a slight increase from $663.76 million in the comparable quarter prior year, while two analysts had a consensus revenue estimate of $667.34 million for the quarter.
Looking forward, as announced previously, the company expects to achieve positive net income for fiscal year 2013. The Street expects the company to report earnings of $0.17 per share for 2013.
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