Zale Shares Dip on Flat Profit Outlook

CIBC World keeps buy on Select Medical; Qualcomm gains on news of China Unicom deal; and other stocks in the news

Zale Corp. (ZLC ) posted $0.14 Q3 EPS from operations on a 7.3% same store sales decline. Zale expects flat profit performance for fiscal 2002. Janney Montgomery downgraded. Merrill Lynch downgraded to near term neutral from near term accumulate.

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