Zale News

This twenty first trading week of 2012 comes to a close with investors assessing the deteriorating situation in Greece, and assessing the fallout from the disasterous Facebook initial public offering.

Zale Corp. said Wednesday that it cut its third-quarter loss from a year ago and had its sixth consecutive quarter of sales gains.

Good morning. My name is Christie, and I will be your conference operator today.

Zale Corporation's third quarter loss narrowed, beating estimates. Zale is a specialty retailer of fine jewelry.

Zale anounced that it lost $4.5 million, or 14 cents per share, in the most recent fiscal quarter, versus a loss of $9 million, or 28 cents per share, the same period last year.

U. S. specialty jewelry retailer Zale Corp . reported a year-over-year revenue increase of 8.1 percent to $45 million for the third quarter of 2012, which includes $8.5 million resulting from a previously disclosed change in warranty revenue recognition.

Zale Corp. on Wednesday cut its third-quarter loss from a year ago and reported its sixth consecutive quarter of positive sales gains.

Zale Corp reported a narrower third-quarter loss on Wednesday, led by another jump in sales in its U.S. fine jewelry brands segment.

Express has named Theo Killion has been appointed to its board of directors as a Class III director.