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The stock market is reacting differently to the earnings results for Zumiez and Quiksilver, both of whom released quarterly results Thursday afternoon.
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In trading this morning, Quiksilver stock is down more than 7.5% to $4.25. The company reported increased revenue in each of its global regions, but its net loss widened, and inventory was up 33% at quarter end.
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Quiksilver stock price has ranged from $2.61 to $5.58 during the past 52 weeks.
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Zumiez’s stock is trading up more than 3.5% to $33.51, near a 52-week high of $33.84.
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Zumiez reported a 25% increase in fourth quarter net income and a 54% increase in full year net income.
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