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LOS ANGELES (AP) - Shares of Quiksilver Inc. climbed Wednesday, after an analyst said a positive meeting at a Las Vegas trade show reinforced the view that the surfwear maker's integration of French ski equipment maker Rossignol SA was going according to plan.
Stock of Huntington Beach, Calif.-based Quiksilver rose $1.56, or 12 percent, to close at $14.80 on the New York Stock Exchange. Volume was heavy.
"The meeting reinforced our view that the core business is humming and the Rossignol integration proceeding on plan," said Dorothy Lakner, an analyst with CIBC World Markets, who attended Quiksilver's presentation at the MAGIC apparel trade show in Las Vegas.
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