Quiksilver Inc. on Thursday posted improved second-quarter results and said it expects a third-quarter profit.
For the three months ended April 30, income attributable to Quiksilver shareholders more than tripled to $9.4 million, or 6 cents a diluted share, compared with $2.8 million, or 2 cents, in the year-ago quarter. On a pro forma basis, excluding restructuring charges, a stock compensation expense and a $1.3 million gain on the sale of the Raisins swimwear trademarks, consolidated income from continuing operations was $15.7 million compared with $6.6 million last year. Income from continuing operations exclude results from the Rossignol business, which the firm sold in November 2008 and is reported under discontinued operations.
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