Pacific Sunwear of California, Inc. PSUN beat third-quarter expectations and said same-store sales grew 4 percent.
The retailer gained more than 16 percent recently, changing hands at $1.70 per share.
Pacific Sunwear forecast a fourth-quarter adjusted loss between $0.17 and $0.12 a share, on sales of $218 million to $227 million.
Wall Street expects a fourth-quarter adjusted loss of $0.12 a share, on revenue of $221.7 million.
Pacific also predicted fourth-quarter same-store sales will range from flat to growth of 4 percent.
In the recent period Pacific posted a loss from continuing operations of $469,000, or $0.01 a share, compared with net income from continuing operations of $17.7 million, or $0.24 a share a year earlier.
The adjusted loss was $0.03 a share, compared with a year-earlier adjusted loss of $0.05 a share last year.
Sales grew 4.6 percent to $212.3 million, from $202.8 million a year earlier.
Wall Street expected an adjusted loss of $0.08 a share, on sales of $208 million.
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