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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.