NEW YORK — Hefty sales gains allowed Quiksilver Inc. to easily outpace Wall Street forecasts in the fourth quarter.

For the three months ended Oct. 31, the Huntington Beach, Calif.-based active apparel maker reported a more than fivefold increase of 412.7 percent in net earnings to $12.2 million, or 49 cents a diluted share. That compares with last year’s profits of $2.4 million, or 10 cents. Earnings per share eclipsed analysts’ estimates by 6 cents.

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