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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