They didn't hold those stones together & onto fingers & ears with bubble gum: Wednesday March 7, 7:50 am Eastern Time Zale Earnings Rise Before Charges DALLAS (Reuters) - Zale Corp. (NYSE:ZLC - news), the largest U.S. specialty retailer of jewelry, on Wednesday reported a rise in fiscal second-quarter profits before unusual charges, despite weak holiday sales, but said near-term expectations have been tempered due to a slowdown in consumer spending.
Earnings in the quarter, ended Jan. 31, excluding nonrecurring charges, was $87 million, or $2.52 per share, compared with $83.9 million, or $2.33 per diluted share, in the same year-earlier quarter. Analysts on average were looking for a profit of $2.46 a share, according to First Call/Thomson Financial.
Including the unusual charges, net income was $71.5 million, or $2.07 per diluted share. (cont) biz.yahoo.com |