Quiksilver Pops Higher on Q3 Earnings Results

Shares of Quiksilver

are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 2.91%, at $4.24; they ended the regular session lower by 1.44%, at $4.12. Quiksilver reported Q3 EPS of $0.06 on revenues of $503.3 million. Revenues increased 14% year over year. The company earned Pro-forma Adjusted EBITDA of $52.7 million compared to $53.5 million earned in the third quarter of fiscal 2010. Robert B. McKnight, Jr., Chairman of the Board, Chief Executive Officer and President of Quiksilver, Inc., commented, "We're pleased with our solid third quarter financial results and feel increasingly positive about our product offerings and the strength of our brands, which are resonating with consumers around the world despite global economic pressures. We're seeing continued strong growth in emerging and developing markets while our category expansion initiatives are delivering good initial returns, consistent with our longer-term plans." 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.