Shares of Zale Corporation (NYSE:ZLC) plunged in after-hours activity on Tuesday as the jewelry retailer declared quarterly results after the closing bell.
Shares plummeted over 12% in after hours following Zale (ZLC) announced a loss of 88 cents per share on sales of $357.5 million.
Zale was estimates to declare a loss of 68 cents per share for the quarter on revenue of $365.6M, according to analysts surveyed by FactSet Tilly’s Inc (NYSE:TLYS) shares plunged over 15% to $13.16 following the specialty retailer delcared a profit of 33 cents a share on revenue of $125 million.
Analysts were expecting for earnings of 30 cents a share but sales of $128.7 million.
Zale Corporation (NYSE:ZLC) opened at $7.36 with 32.35 million outstanding shares and touch its highest price of $7.50 of the day and then finished at $7.44 by scoring 2.20%, as in the whole session stocks gain volume of 1.37 million shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 74.70% while insider ownership included 0.60%. The share capital of ZLC has 32.35 million outstanding shares amid them 32.01 million shares have been floated in market.
For investors focus on the performance of the stocks so the ZLC showed weekly ahead performance of 0.40% which was maintained for the month at 6.29%. Correspondingly the positive performance for the quarter was remained 103.84% and if took notice on yearly performance that was 114.41% whereas the year to date performance halted at 95.28%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the ZLC return on investment was recorded as -3.42% as compare to its rivals has Signet Jewelers Ltd. (NYSE:SIG)’s ROI 12.99%, Tiffany & Co. (NYSE:TIF)’s ROI 12.23%, Luxottica Group SpA (ADR) (NYSE:LUX)’s ROI 8.00%, Blue Nile, Inc. (NASDAQ:NILE)’s ROI 40.42%.