Zale (ZLC) -13.8% premarket after FQ1 results missed estimates. Comparable store sales rose 3.9%...

|About: Zale Corporation (ZLC)|By:, SA News Editor

Zale (ZLC) -13.8% premarket after FQ1 results missed estimates. Comparable store sales rose 3.9% vs. a 5.8% rise in the same period last year. Fashion jewelry unit volume was offset by reduced average price per unit, the CFO says. ZLC reiterates expectations for positive net income for FY 2013; consensus calls for FY13 EPS of $0.35.