Pacific Sunwear Of California Q2 Loss Widens

(RTTNews) - Pacific Sunwear of California Inc. (PSUN) Thursday said second-quarter loss was $19.24 million, or $0.28 per share, wider than $17.54 million, or $0.26 per share in the comparable quarter last year.

Loss from continuing operations widened to $19.24 million, or $0.28 per share, from $18.0 million, or $0.27 per share last year.

Non-GAAP income from continuing operations was $1.2 million or $0.02 per share, compared to non-GAAP net loss of $6.1 million or $0.10 per share in the On average, 13 analysts polled by Thomson Reuters expected the company to report breakeven per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $215.25 million, up from $197.29 million in the comparable quarter last year. Analysts expected revenues of $215.74 million.

Looking ahead to the third quarter, the company expects to report adjusted earnings ranging between negative $0.09 and negative $0.04 per share. Revenues are projected in a range of $202 million to $209 million.

Analysts, based on consensus, currently expect the company to report a full-year loss of $0.00 per share on revenues of $214.76 million.