Volcom higher pre-bell on better-than-expected Q1, raised guidance
Shares of Volcom, Inc. (Nasdaq:VLCM) are vaulting higher in pre-market trading after the clothing retailer reported unexpectedly strong first-quarter results after Wednesday’s close that beat the consensus on Wall Street and raised its full year guidance. The company attributed the robust results in a weak retail environment to its “powerful brand” as well as capitalizing on opportunities domestically and abroad.
Shares leaped 17%, or $3.31, to $22.30 in pre-market trading. For detailed price information and recent news stories about Volcom, click VLCM.
