Quicksilver, Inc. (NYSE:ZQK) reported lower revenue and a bigger loss for its fiscal first quarter 2011, ended January 31.
The Huntington Beach, Calif.-based outdoor lifestyle clothier and retailer, said on March 10 its latest quartetly revenue dipped to $426.5 million, down 1.4 percent from the same period a year ago. Company officials said revenue was up in constant currency terms for the first time in nine quarters.
Quicksilver’s fiscal first-quarter net loss widened to nearly $16.3 million, or a loss of $0.10 per diluted share, compared to a net loss of nearly $5.4 million, or a loss of $0.04 per diluted share during the same period a year ago.
Quicksilver CEO and President Robert B. McKnight said in a statement the company expects its fiscal 2011 to be a transition year, after some previous financial restructuring, with “growth accelerating in the second half of the year and beyond.”
–Compiled by David Clucas
For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.outsidebusinessjournal.com/cgi-bin/snews/stock_report.html