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.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)