NEW YORK (TheStreet) -- Quiksilver (ZQK) stock is one of the worst-performing on markets Tuesday after the surf and skate clothing company reported wider-than-expected net losses over its second quarter and as revenue tumbled double-digits from a year earlier.
Over the three months to April, the company recorded net losses of 15 cents a share, far wider than estimates for losses of 2 cents a share, according to analysts surveyed by Thomson Reuters. Revenue slid 10.4% year over year to $408.2 million, missing expectations for $448.6 million.
By market open, shares had tanked 40.8% to $3.43. Trading volume of 3.2 million shares had already surpassed its three-month daily average of 1.9 million.
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- You can view the full analysis from the report here: ZQK Ratings Report
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