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Pacific Sunwear Announces Update to Fiscal 2009 Second Quarter Earnings Expectations
PSUN
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+13.58%
in
122 days
<font> <font> Wednesday, July 22, 2009 4:01:55 PM ET </font> </font> <font> Pacific Sunwear of California, Inc. ( PSUN ), today announced updated earnings expectations for the second quarter of fiscal 2009. </font> <> <font> Same-store sales for the second quarter are projected to decrease by approximately 24% versus original expectations of negative 17% to 20%. Additionally, the Company expects a lower effective income tax rate and higher store asset impairment charges for the quarter. As a result, the Company now expects to report a second quarter loss of $0.22 to $...
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From the Blogosphere
PSUN Loss Widens, But Beats Ests – Analyst Blog
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Pacific Sunwear of California Inc. (PSUN) reported fiscal third quarter results after the closing opening bell on Monday. The company posted a wider net loss of $10.9 million, or 17 cents per share, compared to a loss of $2.5 million, or 4 cents per share in the year-ago period. However, the result came in ahead of the Zacks Consensus Estimate for a 19-cents loss.
Pacific Sunwear is a lifestyle specialty retailer and offers casual apparel with a limited selection of accessories and footwear targeted towards teens and young adults. The company operates a nationwide, primarily mall-based cha...
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The Oxen Report: Ahh…Deflation Again, Market Looking Challenged
 Yesterday was a pretty solid day for The Oxen Report. We were able to do pretty well with our Buy Pick of the Day Pacific Sunwear (PSUN). We liked this one to rally on the positive retail data we were seeing and the fact that the company was reporting in after hours. PSUN was worth 3% for us as we bought in at 4.85 and exited at 4.99. Our Short Sale of the Day worked okay for us. We got in at 3.45 in the AM and held the stock throughout the day. We did not gain anything and had to sell at 3.50 at the end of the day for a 1.5% loss. 1/2 on the day…hope you made some on the PSUN!
<>Today’s p<><><><><><><>< /><><>< /><>< /><><>< /><>< /><>< /><>< /><>< /><>< />< />...
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After-Hours Movers 11/16: ZOOM, SPRD, LFT, SINA Higher; PSUN, ADG, SIVB, AOB, SII, TGP Lower
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ZOOM Technologies Inc. (Nasdaq: ZOOM) <font>41.8% HIGHER;</font> reports Q3 EPS of $0.73 and revenue for the quarter was $55.3 million. Sees FY sales of $185-$195 millioPacific Sunwear of California, Inc. (NASDAQ: PSUN) <font>21.1% LOWER;</font> reports Q3 loss of $0.17, 3 cents better than the analyst estimate of ($0.20). Revenue for the quarter was $268 million, which compares to the estimate of $260.08 million. SSS down 18%. Loss Q4 loss of $0.28-$0.35, versus the consensus of a $0.11 loss.The Allied Defense Group, Inc. (NYSE: ADG) <font>14% LOWER;</font> reports Q3 loss of $0.39, versus...
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Stock Market News for November 16, 2009 – Market News
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U.S. stocks rose Friday, for their second consecutive weekly advance, as upbeat earnings reports from a number of companies, including Walt Disney and JC Penny, spurred optimism that the economic recovery is gaining momentum. A dip in the value of dollar, on concerns consumer spending is likely to remain bleak, sent shares of commodity-related companies up. <>On Friday, the 30-stock Dow Jones industrial average rose 73 points, or 0.72%, to 10,270.47. The broad Standard & Poor's 500-stock index was up 6.24 points, or 0.57%, at 1,093.48. The tech-heavy Nasdaq composite index advanced 18.86 p...
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The Oxen Report: Retail and GM to Lead Market Higher?
 Happy Monday! Hope you all had a stupendous weekend. We are ready to get this weekend started on a good note with some solid investing today, following up a strong Friday. I will get back to Friday’s pick after we get to today’s important stock selections.
Buy Pick of the Day: Pacific Sunwear of California Inc. (PSUN)<>This morning, the market is looking to start off on a good foot after a number of market moving news was released that was pretty positive. On the plus side, General Motors commented that they have a $1.2 billion loss since they came out of bankruptcy through September 30,...
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About Pacific Sunwear of California Inc
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