By  on May 20, 2014

Zale Corp. continued to show signs of renewed strength as it neared a hurdle for its $1.4 billion acquisition by competitor Signet Jewelers Ltd.

In the third quarter ended April 30, the Dallas-based jewelry retailer’s net income rose 74.6 percent to $8.8 million, or 19 cents a diluted share, from $5.1 million, or 13 cents, in the year-ago period. The performance in the 2014 period beat the analysts’ consensus estimate for earnings per share of 17 cents by 2 cents.

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