Quiksilver Slips To Loss In Q1 - Quick Facts

Posted on Thursday, March 06, 2008 4:45 PM

(RTTNews) - Quiksilver Inc. (ZQK) reported first quarter net loss of $21.94 million or $0.18 per share, compared to a profit of $2.47 million or $0.02 per share in the same quarter of last year. Analysts polled by First Call/Thomson Financial expected the company to report a loss of $0.10 per share for the first quarter. Consolidated income from continuing operations for the first quarter of fiscal 2008 was a loss of $14.7 million or $0.12 per share, compared to income of $6.8 million, or $0.05 per share, for the first quarter of fiscal 2007. Consolidated revenue from continuing operations for the first quarter of fiscal 2008 increased 14% to $605.3 million from $528.7 million in the first quarter of fiscal 2007.Eleven analysts had consensus revenue estimate of $560.92 million for the quarter. For comments and feedback: contact editorial@rttnews.com