Quiksilver narrows loss in 1Q
Quiksilver Inc. reported late Thursday that its first-quarter loss narrowed .
The company, which makes surf-style clothes, posted a loss of $5.4 million, or 4 cents per share, compared with a loss of $194.4 million, or $1.53 per share, a year earlier.
Excluding one-time items in both quarters, the company posted a loss of 2 cents per share for the period this year compared with 7 cents per share last year.
Its revenue fell 2 percent to $432.7 million.
Analysts polled by Thomson Reuters, who typically exclude one-time items, expected the company to report a loss of 13 cents per share on revenue of $412.8 million.
CEO Robert B. McKnight Jr. was pleased with the results and said the company has taken "bold steps" over the past several quarters to improve its operations.
Its shares rose 8 cents to $3.19 after hours Thursday after closing at $3.11, down 27 cents, or nearly 8 percent.
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