Costa Mesa-based clothing designer Volcom Inc. reported third-quarter earnings and sales that beat Wall Street expectations but warned about profits for the current quarter.

The designer of clothes inspired by surfing and skateboarding reported a profit of $13.3 million, down 19% from a year earlier but better than the $9.1 million analysts were expecting on average.

Sales came in at $93.9 million, down 16% from a year earlier but ahead of the $84.8 million analysts were looking for.

The ongoing retail slump drove the lower results from a year earlier, with sales at the company’s U.S. segment down 22% to $56.8 million.

Sales in Europe were flat at $30.2 million.

For the current quarter—a critical one for clothing companies and retailers with the holidays—Volcom forecast a profit below what analysts had been expecting.

The company cited “myriad complexities in accurately assessing the current state of the global retail environment.”

Volcom forecast a profit of $246,000 to $980,000, versus the $2.7 million analyst had been looking for.

Sales are seen coming in at $59 million to $62 million, in line with the $62 million expected on average by analysts.