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HUNTINGTON BEACH, United States — Quiksilver Inc. on Thursday reported a fiscal fourth-quarter loss of $51.6 million.
The Huntington Beach, California-based company said it had a loss of 30 cents per share. Losses, adjusted to account for discontinued operations, came to 29 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The skateboard and surfing-themed clothing maker posted revenue of $400.7 million in the period, also falling short of Street forecasts. Analysts expected $427.5 million, according to Zacks.
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For the current quarter ending in January, Quiksilver said it expects revenue in the range of $340 million.
In the final minutes of trading on Thursday, the company's shares hit $1.49. A year ago, they were trading at $7.53.




