Shares of Quiksilver Inc (ZQK.N) rose more than 12 percent on Friday, a day after the clothes retailer posted results that beat Wall Street expectations, buoyed by strong domestic sales.
The Huntington Beach, California-based company was the third-biggest gainer on the New York Stock Exchange on Friday, even as the bigger S&P Retail Index .RLX was down 2 percent in morning trade.
Quiksilver, which makes clothes inspired by surfing and other action sports, had seen sales weaken in the U.S. and Europe, its two key markets. But a turnaround has made analysts positive about its prospects.
Regards,
Don
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