Quiksilver Sees Low 1st-Quarter Result

NEWPORT BEACH — Apparel company Quiksilver) Inc. said Wednesday that it expects to report lower sales and earnings for its first quarter ending Jan. 31.

In a statement, Chairman John C. Warner blamed “current economic conditions” for the lower results. He said the company anticipates flat or lower results through the first half of its fiscal year unless the economy improves.

Quiksilver designs, distributes and arranges for the manufacture of ski wear, beachwear and other casual fashions.