The apparel company reported a loss of -20 cents a share for the fiscal third quarter, missing the Capital IQ Consensus Estimate of 3 cents a share by 23 cents. Revenue fell -18.9% from the year-ago quarter to $395.65 million, below analysts' estimates of $440.64 million in revenue for the quarter.
Net revenue from the company's Quicksilver brand fell 17% year over year to $143 million for the quarter, while revenue from the Roxy brand fell 9% to $119 million, and revenue from the DC brand fell 34% to $109 million for the quarter.
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 multiple weaknesses, 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 deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."