Pacific Sunwear of California (PSUN) reported a first quarter non-GAAP loss of $0.14 after the bell Wednesday, compared to the loss of $0.20 last year. The consensus estimate was for a loss of $0.19. The company expects to report second quarter non-GAAP EPS between a loss of $0.05 and a profit of $0.02. The consensus estimate is for a loss of $0.04.
Pacific Sunwear gapped up Thursday, but traded in a narrow range throughout the session. Shares finished up by 0.29 at $3.21 on the highest volume in 11 months. The stock rose above a week and a half long range and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.