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By Market News Video Staff, Tuesday, November 23, 12:15 PM ET
Zale Corp. (NYSE:ZLC) posted a wider loss for its fiscal first quarter today, of $97.9 million, or $3.05 per share, compared to a loss of $59.7 million, or $1.87 per share, in the same quarter last year. The jeweler said revenue fell 0.7%, to $327 million, on a same-store sales decline of 1.1%. The loss was wider than analysts were expected and has shares lower by more than 8% today.
Zale is a minor holding of the Rydex S&P SmallCap 600 Pure Value ETF (AMEX:RZV), with a wide range of stocks, including several retailers. Top holding Quiksilver (NYSE:ZQK) is 3.71% of the fund, while Tuesday Morning (NASDAQ:TUES) is the second-largest holding at 2.86%. Basic Energy Services (NYSE:BAS), Petroleum Development Corp. (NASDAQ:PETD) and Arctic Cat (NASDAQ:ACAT) round out the top five holdings in the fund.
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