Higher Sales for Quiksilver
Quiksilver Inc., one of the county’s largest surf wear makers, reported slightly higher sales but lower earnings in the third quarter, blaming the slow economy.
The Newport Beach-based company said net sales for the quarter ended July 31 were $25.9 million, up 5% from $24.6 million in the same period a year ago. Net income was $2 million, or 32 cents a share, down 30% from $2.6 million, or 41 cents a share, in last year’s third quarter.
For the first nine months of the fiscal year, sales were $77.3 million, up 6% over $72.6 million in the same period last year. Net income was $6.4 million, down 16% from last year’s $7.6 million.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.