UPDATE: Pacific Sunwear of California, Inc. Reports Q4 EPS of $(0.32) vs $(0.19) Est; Revenue of $218.60M vs $213.48M Est
On Tuesday after the bell, Pacific Sunwear (NYSE: PSUN) reported mixed fourth quarter results that initially sent the stock soaring 15 percent to $3.45, but since have given back some gains and are currently trading at $3.20.
The company missed on earning per share, reporting a loss of $0.32 versus analyst estimates of $(0.19). However the company beat on the top line, reporting $218.6 million versus $213.5 million estimates.
Pacific Sun sees first quarter earnings per share between $(0.12) and $(0.17) versus $(0.12) estimates.
For 2014, Pacific Sun's key priorities include “showcasing premium brand portfolio through curated assortments, managing inventory with on-trend fashion and speed to market, and continuing to elevate both our in-store and digital experience,” said CEO Gary Schoenfeld.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.