Quiksilver Loses $22.6 Million In Q1

by The Editors on March 9, 2012

Quik Logo10Despite higher sales for four consecutive quarters Quiksilver still has not been able to turn a Q1 profit, according to a story on Marketwatch.com.

For the quarter ended Jan. 31, Quiksilver reported a loss of $22.6 million, or 14 cents a share, compared with a year-earlier loss of $16.3 million, or 10 cents a share. Excluding restructuring impacts and year-ago interest charges, the adjusted per-share loss from continuing operations widened to 13 cents from a loss of 5 cents.

The company’s stock was trading down on the news, obviously. For a transcript of the entire March 8, 2012 Quiksilver analysts call (including Bob McKnight’s take on the quarter) click here.

[Link: Marketwatch and Seeking Alpha]

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