Quiksilver Shares Surged: What You Need to Know (ZQK)

Quiksilver Shares Surged: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of clothing designer Quiksilver (NYSE: ZQK ) were soaring today, gaining as much as 14% in intraday trading after the company reported fiscal fourth-quarter results.

So what: We're still a few weeks out from the start of fourth-quarter earnings season for most companies, but the Huntington-Beach-based Quiksilver released the results for its fiscal year -- which ended Oct. 31 -- after yesterday's close.

The company's stock has been thrashed this year as Quiksilver has struggled and reported losses, but the recent quarter showed some promise. Fourth-quarter earnings per share missed analysts' estimates -- clocking in at $0.06 versus the expected $0.07 -- but revenue wowed investors. Sales for the quarter were $545 million against Wall Street's expectation of $524 million. Same-store sales in the Americas region leapt 16% from a year ago.

Now what: As good as investors may be feeling about the past quarter's results, the real reason behind the stock's big bump today is probably the optimism that it creates for the future. If Quiksilver can continue to show incremental improvement in its financial performance, shareholders will no doubt watch the beleaguered stock follow.

Want to keep up to date on Quiksilver? Add it to your watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool’s disclosure policy prefers dividends over a sharp stick in the eye.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.