The disturbing origins of How Earning Reports Effects on ZQK

Quiksilver, Inc. is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding. It markets products across three core brands: Quiksilver, Roxy and DC, as well as several smaller brands. Its products are sold in over 90 countries in a range of distribution channels, including surf shops, skateboard shops, snowboard shops, specialty stores, select department stores and 770 owned or licensed company stores. 

The Company operates in three segments consisting of the Americas, Europe and Asia/Pacific. The Company derives its revenue from apparel, footwear, and accessories and related products. During fiscal year ended October 31, 2011 (fiscal 2011), more than 65% of its revenue was generated outside of the United States.
Quiksilver, Inc. (NYSE:ZQK) is very active today and traded between $3.30 - 3.72 with total traded volume of 4530164 shares. At a current price of 3.57, ZQK is +0.51 - +16.67% from the previous close of $3.06. Moreover, At Current Market Price, ZQK is in distance of +22.81% from its 50-day Moving Average price of $2.9069 and +11.15% from its 200-day Moving Average price of $3.2119.

Quiksilver Inc.'s shares jumped Friday (07-09-2012) after the surf- and skate-inspired clothing company reported a third-quarter profit that topped estimates. Quiksilver reported late Thursday that it earned $12.6 million, or 7 cents per share, for the quarter that ended July 31. That compares with $10.4 million, or 6 cents per share, in the same quarter last year. 

After adjusting for restructuring charges and other special items, it earned 9 cents per share and beat the 5 cents per share that analysts polled by FactSet were expecting. 

Revenue increased 2 percent to $512.4 million on gains across its brands and in all its global markets. That fell short of the $528 million that analysts anticipated. 

SHARE ACTION: Quiksilver's shares jumped more than 20 percent to $3.68 by midday Friday. Its shares have traded between $2.09 and $4.89 in the past 52 weeks. Shares bottomed out in midsummer and have gradually been recovering since then.