March 11, 2010 / 9:26 PM / 10 years ago

UPDATE 1-PacSun Q4 tops Street, weak Q1 view drags on shares

* Q4 adj loss $0.26 vs est loss $0.29

* Q4 rev $293 mln vs est $277.4 mln

* Sees Q1 loss between $0.32 to $0.38 a share

March 11 (Reuters) - Teen-clothing retailer Pacific Sunwear of California Inc PSUN.O posted a smaller-than-expected fourth-quarter loss, but foecast a weak first quarter, sending its shares down 9 percent after the bell.

For the first quarter, the Anaheim, California-based company expects an adjusted loss between 32 cents to 38 cents a share, while analysts were expecting a loss of 14 cents a share.

In the fourth quarter, PacSun lost $36 million, or 56 cents a share, compared with $27 million, or 42 cents a share, in the last year.

However, on an adjusted basis, the company lost 26 cents a share.

Revenue fell 17 percent to 293 million.

Analysts, on average, were expecting the company to post a loss of 29 cents, on revenue of $277.4 million.

Shares of the company were trading down at $5.06 after market. They had closed at $5.75 Thursday on Nasdaq. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Jarshad Kakkrakandy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below