Pacific Sunwear of California (PSUN) reported a third quarter net loss of $0.17 per share after the close Monday, compared to the loss of $0.04 per share last year. The consensus estimate was for a loss of $0.20 per share. The company expects to report a fourth quarter loss between $0.28 and $0.35 per share, compared to the consensus estimate of a loss of $0.11. The stock is now down 0.94 on 255K shares.
Pacific Sunwear of California rose in early trade Monday, but settled into a range for the majority of the session. The stock closed higher by 0.22 at $5.01.
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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.