Shares of Huntington Beach-based Quiksilver Inc. looked like a ski slope on Wednesday as its stock closed down more than 13% after warning about profits for next 12 months.
The surfwear maker, which recently bought France’s struggling Skis Rossignol SA, said profits for the 12 months ended Oct. 31, 2006, could come in 11% lower than what analysts had expected.
Sales could be $2.25 billion to $2.27 billion for the period, Quiksilver said.
The company reaffirmed its outlook for the current quarter and 12 months ending Oct. 31.
Quiksilver blamed the lower outlook for the next 12 months on the integration of Rossignol.
