By  on June 2, 2014

Shares of Quiksilver Inc. lost nearly a third of their value in after-hours trading Monday when the company reported a far larger second-quarter loss than analysts expected on a double-digit decline in revenues.

In the three months ended April 30, the Huntington Beach, Calif.-based marketer of surf and skate apparel and footwear reported a net loss of $53.1 million, or 31 cents a diluted share, versus a loss of $32.4 million, or 20 cents, in the year-ago quarter.

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