Pacific Sunwear Of California Q4 Loss Widens - Quick Facts

(RTTNews) - Pacific Sunwear of California Inc. (PSUN) Tuesday said fourth-quarter net loss was $22.5 million, or $0.33 per share, wider than $19.9 million, or $0.29 per share in the comparable quarter last year.

Loss from continuing operations was $22.0 million, narrower than $22.2 million in the prior year quarter. Loss per share from continuing operations were $0.32, same as last year.

Non-GAAP loss from continuing operations was $11.8 million, wider than $11.6 million last year. Loss per share for the latest fourth quarter was $0.17, same as last year. On average, 12 analysts polled by Thomson Reuters expected the company to report loss of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $218.59 million, down from $222.83 million in the comparable quarter last year. Analysts expected revenues of $213.48 million.

Looking ahead to the first quarter, the company expects to report adjusted loss per share from continuing operations of between negative $0.17 and negative $0.12 per share. Revenues are projected in a range of $169 million to $174 million.

Analysts, based on consensus, currently expect the company to report a first quarter loss of $0.12 per share on revenues of $168.08 million.