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By Market News Video Staff, Monday, November 29, 11:35 AM ET
Surf-themed apparel retailer Quiksilver (NYSE:ZQK) posted preliminary estimated results for its fourth fiscal quarter today. It said net revenues were between $492 million and $497 million, compared to $538.7 million in the same quarter last year.
Adjusted EBITDA will be 10-20% higher than EBITDA of $49.9 million in last year’s fourth quarter.
The company also announced its wholly-owned European subsidiary, Boardriders, will offer 200 million euros in senior notes due 2017.
Quiksilver shares are trading higher by 3.75% Monday.
It is the top holding, at 3.79% of the portfolio, of the Rydex S&P Small Cap 600 Pure Value ETF (AMEX:RZV).
Fellow retailer Tuesday Morning (NASDAQ:TUES) is the second-largest holding, at 2.9%, followed by Basic Energy Services (NYSE:BAS), at 2.47% of the portfolio, Petroleum Development Corporation (NASDAQ:PETD), at 1.98%, and Arctic Cat (ACAT), at 1.94% of the fund.
This Article's Word Cloud:ACATAMEXAdjustedArcticDevelopmentEBITDAEnergyFellowMorningNASDAQNYSEPETDPetroleumQuiksilverRydexServicesSmallSurfTUESTuesdayValuealsoannouncedapparelcompanycomparedeurosfiscalfollowedfourthhigherholdinglastmillionofferportfoliopostedpreliminaryquarterretailerrevenuessecondseniorsharesthemedtodaywerewhollywillyear
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