Zale Corporation (ZLC) Reports a Q3 Loss, Guides for Q4

May 22, 2007 7:05 AM EDT
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Price: $21.02 --0%

Financial Fact:
Operating earnings: 13.92M

Today's EPS Names:
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Zale Corporation (NYSE: ZLC) reports a Q3 loss of $0.05 (ex-items) vs. consensus for $0.10 loss - may not be comparable. Revenues were $511.87 million vs. consensus of $512.22 million.

The Company projects a fourth quarter comparable store sales decrease of 2% to 3% and GAAP earnings per share in the range of ($0.11) to ($0.15). Excluding items, the Company continues to expect earnings per share in the range of ($0.01) to ($0.05) per share. (Consensus is -$0.17)

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