UPDATE: Zale Posts Narrower FQ3 Loss

Zale Corp ZLC posted a narrower fiscal-third-quarter net loss. Zale posted a quarterly loss of $4.5 million, or $0.14 per share, versus a year-ago loss of $9 million, or $0.28 per share. Its revenue rose to $445.2 million from $411.8 million. However, analysts were expecting a loss of $0.16 per share on revenue of $433.9 million. Zale's comparable-store sales climbed 8%. Its gross-profit margin rose to 51.3% from 50.1%. Zale shares closed at $2.33 yesterday.