Quiksilver's Stock Falls After Company Postpones Release Of Results

Shares of Quiksilver Inc. dropped 3.5% in light premarket trade Wednesday, after the outdoor apparel company said in a statement that it has postponed the release of fiscal first-quarter results after management identified a "revenue cut-off issue." The company did not provide an estimate of when the results, which were originally scheduled to be released on March 5, will be released. The company said its audit committee launched an investigation last week into the matter and hasn't reached any conclusions. But based on available information, the company believes any findings will have no material impact on previously-issued statements, its first-quarter results or its outlook. The stock has rallied 12% in the past three months through Tuesday, outperforming the S&P 500's 1.7% gain.