While it seems difficult to understand it appears that Pacific Sunwear’s net loss for the fourth quarter over twice as large as analysts expected according to a story on NASDAQ.com.
Loss from continuing operations for the fourth quarter was $22.5 million or $0.33 per share, compared to a loss from continuing operations of $26.7 million or $0.39 per share in the prior year quarter.
Analysts reportedly expected a lost of $0.16 cents a share. Which reminds us two things: never underestimate the loss potential of PacSun, and analysts are rarely good for much of anything.
[Link: NASDAQ]
