Quiksilver Loses $5.1 Million In Q2

by The Editors on June 8, 2012

Quik Logo10How nice would it be to run a business where losing $5.1 million in a quarter is good news? For Quiksilver a $5.1 million loss is much better than last year’s $81.7 million Q2 loss, according to a story in Businessweek.

The surf-inspired clothing and gear company posted a loss of $5.1 million, or 3 cents per share, for the quarter that ended April 30. That is down from $81.7 million, or 51 cents per share, in the same quarter last year, when the company incurred a $74.1 million non-cash goodwill impairment charge on its business in Australia and Japan.

Quiksilver’s stock was up 25 cents to $2.69. For a complete transcript of the most recent conference call, click here.

[Link: Businessweek and Seeking Alpha]

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: