quiksilver tanks in after-hours on quarterly l

It's just not Billabong struggling now!

Quiksilver posted an adjusted loss of 12 cents a share, while analysts had expected a profit of 4 cents.

Revenue for the period ended April 30 was $459 million, down 7% from the same period in 2012 and $46 million below the consensus forecast of analysts polled by FactSet.

Gross margin fell to 46% from 49.2% as Quiksilver discounted its merchandise to clear inventory.