Quiksilver misses Street 3Q forecasts

September 4, 2014

HUNTINGTON BEACH, Calif. (AP) -- Quiksilver Inc. (ZQK) on Thursday reported a loss of $220.1 million in its fiscal third quarter.

The Huntington Beach, California-based company said it had a loss of $1.29 per share. Losses, adjusted for asset impairment costs and restructuring costs, were 20 cents per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The company posted revenue of $395.7 million in the period, which also fell short of Street forecasts. Analysts expected $440.3 million, according to Zacks.

In the final minutes of trading on Thursday, Quiksilver shares hit $2.83. A year ago, they were trading at $5.08.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. A stock research report on ZQK from Zacks is available at: http://www.zacks.com/ap/ZQK

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Keywords:Quiksilver,Earnings Report