By  on February 20, 2009

Volcom Inc. on Thursday reported a net loss in the fourth quarter, missing analysts’ expectations, and the economic downturn also led to a first-quarter earnings forecast below Wall Street’s estimates.

In addition, the surf-and-skate apparel maker reported cutting its domestic workforce by about 8 percent, affecting 28 employees; reducing executive salaries, and suspending the policy of providing annual guidance.

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