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Quiksilver +6.5% after topping FQ1 estimates

Mar. 17, 2015 4:33 PM ETQuiksilver, Inc. (ZQK) StockZQKBy: Clark Schultz, SA News Editor
  • Quiksillver (NYSE:ZQK) trades higher after beating estimates on both lines of its FQ1 report.
  • Revenue slipped in all three of the company's geographic regions as a higher level of discounting and F/X played a role.
  • Gross margin rate -110 bps to 49.7%.
  • E-commerce revenue +20% Y/Y on a constant currency basis.
  • Guidance: Quiksilver expects FQ2 revenue of $340M. Gross margin rate seen at 48.0%.
  • Previously: Quiksilver beats by $0.03, beats on revenue
  • ZQK +6.5% after hours.

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