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What: Shares of Quiksilver
So what: Revenue was stronger than expected in the fiscal second quarter, rising 2% to $478.1 million. Earnings per share were also strong coming in at $0.09, two cents better than estimates.
Now what: Stronger profit was driven by margins expanding 1.6% from a year ago to a record 54.8%. Debt was also down 19% from a year ago to $594 million. Slowly, Quiksilver’s financial position is improving. With a forward P/E ratio of just 13, I think shares have more room to run, especially as conditions improve for the company in Asia.
Interested in more info on Quiksilver? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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