UPDATE: Zale Posts Wider-Than-Expected FQ1 Loss
Zale (NYSE: ZLC) reported a wider-than-expected fiscal first-quarter loss.
Zale posted a quarterly loss of $28.3 million, or $0.88 per share, versus a year-earlier loss of $31.9 million, or $0.99 per share.
Its revenue climbed 1.8% to $357.5 million. However, analysts were expecting a loss of $0.68 per share on revenue of $365.6 million.
Zale shares dropped 12.77% to $6.49 in after-hours trading.
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