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.
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