Quiksilver reports wider-than-expected loss, provides downbeat outlook

Quiksilver Inc.(ZQK)reported late Thursday a fiscal fourth-quarter net loss that narrowed to $49 million, or 29 cents a share, from $175 million, or $1.04 a share, in the year-earlier period.

Revenue for the quarter ended Oct. 31 declined to $400.7 million from $475.9 million, with declines seen in all of its selling regions worldwide. Analysts surveyed by FactSet were expecting, on average, a loss of 12 cents a share and revenue of $430 million.

For fiscal 2015, the outdoor sports lifestyle company expects revenue in the range of $1.48 billion to $1.55 billion, below analyst forecasts of $1.62 billion.

The stock, which edged up 0.7% in after-hours trade, closed Thursday down 83% year to date, compared with a 10% rise in the S&P 500.


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(END) Dow Jones Newswires 12-11-14 1631ET
 

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