Tiffany (TIF), Signet (SIG) Active on Strong Zale (ZLC) Results
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Tiffany (NYSE: TIF), Signet (NYSE: SIG), and DGSE Cos. (AMEX: DGSE) are active Wednesday following strong quarterly results from peer Zale Corp (NYSE: ZLC).
Earlier, Zale reported Q4 loss of 25 cents per share, narrower than expectations calling for a loss of 33 cents per share. Comparable-store sales rose 5.6 percent, led by an 8.1 percent gain at Zales-branded locations.
Results aren't affecting Tiffany as much. On Tuesday morning, Tiffany reported a Q2 EPS beat and improved FY13 outlook, but a miss on sales caused some investors to question results. Shares dropped just over 1 percent and are down 2.7 percent today. The other stocks are all positive in early trading.
Earlier, Zale reported Q4 loss of 25 cents per share, narrower than expectations calling for a loss of 33 cents per share. Comparable-store sales rose 5.6 percent, led by an 8.1 percent gain at Zales-branded locations.
Results aren't affecting Tiffany as much. On Tuesday morning, Tiffany reported a Q2 EPS beat and improved FY13 outlook, but a miss on sales caused some investors to question results. Shares dropped just over 1 percent and are down 2.7 percent today. The other stocks are all positive in early trading.
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