UPDATE: Zale FQ2 Net Profit Rises 6%
Zale Corp (NYSE: ZLC) posted a 6% rise in its profit in its fiscal second quarter.
Zale's quarterly profit surged to $28.8 million, or$0.77 PER share, from a year-ago profit of $27.2 million, or $0.73 per share. However, analysts were expecting a profit of $0.77 per share.
Zale's revenue surged 6% to $663.8 million. Its same-store sales gained 5.8%.
Zale's gross margin rose to 50.5% from 50.3%.
Zale shares gained 4.72% to $3.55 in pre-market trading.
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