Volcom Q3 revenue falls 15.9 percent - less than planned

Here are top-line highlights from Volcom's third quarter results released this afternoon.

Total revenue: down 15.9% to $93.9 million. While down, revenues were $9 million above the company's previous top-of-range guidance.

U.S. revenue (includes U.S., Canada, Japan): down 21.9% to $56.8 million.

Europe revenue: down 2.6% to $30.2 million, but up 9% in constant currency.

Electric revenue: down 12.6% to $6.9 million

Net income: down 18.4% to $13.3 million

Gross margin: 51.6% vs. 49.4% the same period last year.

Cash: The company has $99.3 million in cash and equivalents and no debt.

Q4 forecast: Revenues should range from $59 million to $62 million. Earnings per share will range from 1 to 4 cents.

Full year forecast: Revenue between $275 million to $278 million. Earnings per share from 76 to 79 cents.