Quiksilver Postpones Earnings Report

by The Editors on March 4, 2015

Unknown-4Well, this isn’t good news. Quiksilver today (March 4, 2015) postponed its first-quarter financial report due to a “possible error,” according to a story on Fox News.

The company’s audit committee is investigating a “revenue cut-off issue” first noticed by management. . . The company was scheduled to post earnings Thursday. It expects to announce a new date for the release later this month. The audit committee will provide an update on the investigation at a March 16 board meeting.

In the meantime, shares of the company dropped 16 cents to $1.83.

[Link: Fox News]

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