Pursuits
Zale Falls on Wider-Than-Expected First-Quarter Loss
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Zale Corp., the operator of the Zales and Piercing Pagoda jewelry chains, fell the most in almost four years after reporting a fiscal first-quarter loss that was wider than analysts estimated.
The shares slid 30 percent to $5.21 at the close in New York for the biggest one-day decline since Nov. 25, 2008. The shares had gained 95 percent this year through yesterday.