Quiksilver’s 3rd Quarter Profits Up 20%

Quiksilver Inc., Huntington Beach designer, producer and distributor of clothing, accessories and related products, said net income for the third fiscal quarter ended July 31 climbed 20% to $6.7 million, or 29 cents a share, from $5.6 million, or 24 cents a share, a year ago. Sales advanced 16% to $122 million.

The company’s stock rose 21.8%, or $3.25 a share, to $18.13 on the New York Stock Exchange.