Quiksilver posts 1st loss since 1992
From Times Staff and Wire Reports
Huntington Beach-based surf wear maker Quiksilver Inc. reported a loss of $4.8 million, or 4 cents a share, for its fiscal second quarter, which ended April 30.
It was the first red ink since 1992 for the company, whose brands include Quiksilver, Roxy and Rossignol.
The loss, which was in line with analysts’ expectations, amounted to 4 cents a share. A year earlier, the company earned $3.7 million, or 3 cents a share. Sales rose 17% to $603.8 million.
The earnings were released after the end of regular stock trading, during which Quiksilver shares edged up 8 cents to $13.26.
