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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"