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Market Update : 
Zale Swings to Profit, Tiffany Earnings Fall
Author: Elena Todorova
123jump.com
Last Update: 8:00 AM EDT August 30 2007



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Jewelry retailer Zale Corp. swung to a Q4 profit from a year-earlier loss although revenue and same-store sales fell 0.5%. Zale posted profit of $1.5 million, or 3 cents a share, compared with a loss of $27.4 million, or 57 cents a year ago. Another jewelry retailer, Tiffany & Co. reported Q1 net income drop of 10% to $37 million, or 26 cents a share, down from $41.1 million, or 29 cents a share last year.

 

 

 

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