Pacific Sunwear Of California Q1 Loss Narrows - Quick Facts

(RTTNews) - Pacific Sunwear of California Inc. (PSUN) Thursday said first-quarter net loss was $10.4 million, or $0.15 per share, narrower than $24.2 million, or $0.35 per share in the comparable quarter last year.

Non-GAAP loss from continuing operations narrowed to $7.4 million or $0.11 per share from $9.5 million or $0.14 per share last year. On average, 12 analysts polled by Thomson Reuters expected the company to report loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $171.14 million, up from $166.35 million in the comparable quarter last year. Analysts expected revenues of $170.74 million.

Looking ahead to the second quarter, the company expects to report adjusted loss per share from continuing operations of between $0.08 and $0.02 per share. Revenues are projected in a range of $200 million to $210 million.

Analysts, based on consensus, currently expect the company to report a second quarter earnings of $0.02 per share on revenues of $216.11 million.