Quiksilver shares jump 8% as sales exceed estimates

Quiksilver Inc.'s shares rose the most in five months after the maker of surfing and snowboarding gear reported second-quarter sales that exceeded analysts' estimates.

Revenue rose 17 percent to $603.8 million, the company said late Thursday, more than the $573.8 million average of 14 analysts' estimates compiled by Bloomberg.

Quiksilver, which has its Mountain Center in Park City, had a net loss of $4.8 million, or 4 cents a share, after it was forced to discount winter clothes because of unseasonably warm temperatures. The company, based in Huntington Beach, Calif., reported net income of $3.73 million, or 3 cents, a year earlier.

The shares rose $1.07, or 8.1 percent, to close at $14.33 on the New York Stock Exchange.