By  on November 21, 2012

Shares of Zale Corp. tanked today after the company posted worse-than-expected losses in its fiscal first quarter, which nonetheless marked an improvement over the year-ago period.

Shares of the jeweler were down 28.9 percent to $5.29 at 1:00 p.m. in New York, when the markets were generally up ahead of the Thanksgiving holiday.

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