By  on August 28, 2013

Zale Corp. narrowed fourth-quarter losses significantly, pulling itself back into the black for its fiscal year.

Quarterly losses shrunk to $8 million, or 25 cents a share, from $19.7 million, or 61 cents, a year earlier. Losses came in 8 cents better than the 33 cents analysts projected, and the jeweler’s stock shot ahead 29.8 percent to $11.63 in trading on Wall Street Wednesday.

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