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Quiksilver Reports 2Q Loss

Quiksilver Inc. on Tuesday reported a loss of $37.6 million in its fiscal second quarter. The results missed Wall Street expectations.
By
  • Associated Press

HUNTINGTON BEACH, United States — Quiksilver Inc. on Tuesday reported a loss of $37.6 million in its fiscal second quarter.

The Huntington Beach, California-based company said it had a loss of 22 cents per share. Losses, adjusted for restructuring costs and asset impairment costs, were 17 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The skateboard and surfing-themed clothing maker posted revenue of $333.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $339.6 million.

The company's shares closed at $1.24. A year ago, they were trading at $3.68.

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