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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