By  on December 12, 2013

Shares of Quiksilver Inc. pulled back 2.7 percent in early after-hours trading Thursday following the company’s unexpected adjusted loss and disappointing revenue results for the fourth quarter.

The net loss totaled $171.1 million, or $1.02 a diluted share, against net income of $4.4 million, or 3 cents, in the year-ago quarter. Stripping out restructuring charges, a tax valuation allowance and results for discontinued operations, such as the Mervin snowboard subsidiary sold earlier this month, the adjusted loss came to 4 cents a share against expectations among analysts, on average, of a 4 cent profit.

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus