UPDATE: Zale Reports FQ4 Loss of $32.6M

Zale Corp (NYSE: ZLC) released its results for the fiscal fourth quarter on Wednesday.

Zale reported a quarterly loss of $32.6 million, or $1.02 per share, versus a loss of $28.5 million, or $0.89 per share, in the year-ago period. Its revenue climbed 9.4% to $377.3 million. However, analysts were expecting a loss of $1.15 per share on revenue of $360 million.

Zale's same-store sales surged 9.8%.

Zale shares dropped 1.47% to $4.68 in pre-market trading.