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Ski Diva Extraordinaire<br>Legal & Environmental A
This is from the Snow Industry Letter:
QUICKSILVER LOSSES WIDEN; ROSSI REPORTED AS DISCONTINUED
Quiksilver reported a wider loss in its second quarter due to a higher shortfall from discontinued operations. For the quarter ended April 30, the company recorded a loss of $206.2 million, or $1.59 per share, compared with a loss of $4.8 million, four cents per share in the prior-year quarter.
The latest quarter's results included a loss of $1.88 per share from discontinued operations stemming from an impairment charge. The Rossignol winter sports equipment and apparel business and the golf equipment business were both reported as discontinued operations. Quiksilver sold its golf equipment business in December and has begun the process to sell the Rossignol unit.
Revenue rose 15% to $596.3 million from $520.4 million. Revenue grew in every geographic region, rising 5% in the Americas and 23% in Europe, the company said.
QUICKSILVER LOSSES WIDEN; ROSSI REPORTED AS DISCONTINUED
Quiksilver reported a wider loss in its second quarter due to a higher shortfall from discontinued operations. For the quarter ended April 30, the company recorded a loss of $206.2 million, or $1.59 per share, compared with a loss of $4.8 million, four cents per share in the prior-year quarter.
The latest quarter's results included a loss of $1.88 per share from discontinued operations stemming from an impairment charge. The Rossignol winter sports equipment and apparel business and the golf equipment business were both reported as discontinued operations. Quiksilver sold its golf equipment business in December and has begun the process to sell the Rossignol unit.
Revenue rose 15% to $596.3 million from $520.4 million. Revenue grew in every geographic region, rising 5% in the Americas and 23% in Europe, the company said.