Diamonds and Dogs
6/7/13
Quiksilver Inc. (ZQK)Quiksilver is quickly moving lower today, down 10.95% at $6.83. The apparel company saw its shares fall after weak second quarter earnings. Quiksilver reported a loss of $32.4 million or $0.19 per share, for the quarter ended April 30. It lost $5.1 million, or $0.03 per share, in the same quarter last year. Analysts were expecting a profit of $0.04 per share on $505.4 million in revenue. Management cited large declines in revenue in Europe, the Middle East, Africa, and the Asia-Pacific area as the major contributor to the loss this quarter. Quiksilver shares are trading in the top half of their 52-week range of $2.09-$8.14.
Rally Software Development Corp. (RALY)
Rally Software is rallying today, up 18.04% at $24.27. The cloud and software company saw its shares pop after better than expected earnings. For the first quarter, subscription and support revenue increased 40% over the same period one year ago to $13.4 million. Rally reported total revenue of $16.0 million, an increase of 24% over the same period one year ago. Furthermore, the company generated $1.4 million in cash flow from operating activities, and raised $89.8 million in their initial public offering. Rally share were up more than $3.70 today, and set a new 52-week high of $24.98 intraday.
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