Quiksilver reported a loss of 11 cents a share for the fiscal first quarter, beating analysts' estimates of a loss of 14 cents a share. Revenue fell 13.7% year over year to $340.85 million for the quarter, above analysts' estimates of $337.37 million.
Revenue from the Americas fell to $148 million from $175 million in the year-ago quarter. Revenue from Europe, the Middle East, and Africa fell to $126 million from $149 million, and revenue from Asia Pacific fell to $67 million from $70 million in the year-ago quarter.
Quiksilver said it expects revenue of $340 million for the fiscal second quarter, compared ot analysts' estimates of $380.06 million.
TheStreet Ratings team rates QUIKSILVER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate QUIKSILVER INC (ZQK) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk."
You can view the full analysis from the report here: ZQK Ratings Report