Quiksilver posts 3Q loss, results miss Wall Street estimates

MarketsAssociated Press

Quiksilver Inc. (ZQK) on Thursday reported a loss of $220.1 million in its fiscal third quarter.

The Huntington Beach, California-based company said it had a loss of $1.29 per share. Losses, adjusted for asset impairment costs and restructuring costs, were 20 cents per share.

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The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The company posted revenue of $395.7 million in the period, which also fell short of Street forecasts. Analysts expected $440.3 million, according to Zacks.

In the final minutes of trading on Thursday, Quiksilver shares hit $2.83. A year ago, they were trading at $5.08.


This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. A stock research report on ZQK from Zacks is available at: http://www.zacks.com/ap/ZQK


Keywords:Quiksilver,Earnings Report