HUNTINGTON BEACH, United States — Quiksilver Inc. on Tuesday reported a fiscal first-quarter loss of $10.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Huntington Beach, California-based company said it had a loss of 7 cents. Losses, adjusted to account for discontinued operations, were 11 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The skateboard and surfing-themed clothing maker posted revenue of $340.9 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $336.8 million.

For the current quarter ending in April, Quiksilver said it expects revenue in the range of $340 million.

The company expects full-year revenue in the range of $1.38 billion to $1.45 billion.

In the final minutes of trading on Tuesday, the company's shares hit $1.70. A year ago, they were trading at $8.16.