Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Quiksilver Shares Sunk

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

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 Quiksilver (NASDAQOTH: ZQKSQ  ) were eating dirt today, falling as much as 15% after posting a weak second-quarter earnings report.

So what: The surf-and-skate-inspired apparel maker said its adjusted loss per share fell from 3 cents a year ago to 12 cents as revenue dropped 7% to $458.7 million. Both numbers were well short of analyst expectations of a $0.04 per-share profit and sales of $505.4 million. Revenue was down 10% at its namesake in brand and dropped 4% in its Roxy line, which has recently been its best performer. DC brand sales were up 1%. Sales from the Americas gained, but were down sharply in other regions as management blamed  in particular declines in the Europe, Middle East, and Africa wholesale channel.

Now what: Quiksilver shares had been on fire this year, more than tripling since last summer as investor confidence in the company's turnaround plan has grown. However, this was the third quarter in a row that the company has missed earnings estimates, with today's shortfall being particularly egregious. Given those results, the turnaround seems to be a long way's away from materializing. I'd say now's a good time to take profits if you got on board in the last year.

Don't let Quiksilver news slip away from you. Add the company to your Watchlist by clicking right here.

Read/Post Comments (0) | Recommend This Article (0)

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 Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2478873, ~/Articles/ArticleHandler.aspx, 9/29/2016 6:40:14 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
ZQKSQ $0.00 Down +0.00 +0.00%
Quiksilver, Inc. CAPS Rating: **