Pacific Sunwear of California Inc. (PSUN) reported a net loss for the third quarter of $10.91 million or $0.17 per share, compared to a loss of $2.47 million or $0.04 per share in the year-ago quarter.
Net sales for the quarter decreased to $268.28 million from $323.61 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.20 per share, on revenues of $260.08 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead for the fourth quarter, the company expects to report a loss of about $0.28 to $0.35 per share. Analysts currently expect the company to report a loss of $0.11 for the fourth quarter.
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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.