Pacific Sunwear of California Inc. (PSUN) reported fiscal third quarter results after the closing opening bell on Monday. The company posted a wider net loss of $10.9 million, or 17 cents per share, compared to a loss of $2.5 million, or 4 cents per share in the year-ago period. However, the result came in ahead of the Zacks Consensus Estimate for a 19-cents loss.   Pacific Sunwear is a lifestyle specialty retailer and offers casual apparel with a limited selection of accessories and footwear targeted towards teens and young adults. The company operates a nationwide, primarily mall-based chain of retail stores, under the names “Pacific Sunwear" and “PacSun". As of October 31, 2009, the company operated 904 stores in 50 states and Puerto Rico.   The company recorded a 17.1% decline in net sales to $268.3 million during the quarter, compared to $323.6 million in the year-ago period. ...

With U.S. employers cutting fewer jobs in April and banks' stress test results throwing up less-than-expected surprises, U.S. stocks advanced helping S&P 500 erase this year's losses and tech-heavy Nasdaq recorded its ninth straight weekly gain.  Reassuring signs emerging from the employment front indicated the economy is starting to find its footing as even a $75 billion deficit in capital failed to deter investors.  Stock buyers helped broad-based S&P 500 end the week 5.9% higher - the index is up 37% from a 12-year low hit on March 9. During the week, the Dow Jones Industrial Average added 362.24 points, or 4.4%, to 8,574.65. The Chicago Board Options Exchange Volatility Index, a measure of market volatility, declined 9.2% to 32.05. Volume on the NYSE was a heavy 1.9 billion as advancing issues outpacing declining stocks by a five-to-one margin. Among S&P sector groupings, financials were the leading gainers

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Trading on NASDAQ, Pacific Sunwear of California Inc. is a leading lifestyle specialty retailer of everyday casual apparel, accessories, and footwear. As part of the Apparel Stores industry, the company has their corporate headquarters in Anaheim, California. Their store concept finds its roots in the youth culture and fashion trends of Southern California.

The company began in 1980 as a small surf shop in Newport Beach, California although under a different moniker. With California’s cooler winter seasons moving beach-goers off the beaches and into the malls, the surf shop moved there as well. They began opening surf shops in malls and by 1987 had 21 stores.

It was in 1989 when the company first expanded outside of California. They opened stores on the East Coast where they began to sell long pants and sleeves as appropriate to climactic conditions there. They began to sell bigger t-shirts and pants, baggy jeans and other

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Pacific Sunwear of California Inc. (NASDAQ: PSUN), a retail operator that sells casual apparel, accessories and footwear, including shorts, pants, overshirts, sweatshirts, outerwear and sunglasses, recently announced its financial results from the second quarter. Shares plunged to a multi-year low late last week after the company reported only a marginal increase in same-store sales compared to the year-earlier period.

Total sales reached $312.7 million for the quarter, a slight increase over total sales of $311.8 million for the second quarter of fiscal 2007. Total same-store sales declined 1 percent during the second quarter of fiscal 2008. Income from continuing operations totaled $3.7 million, or $0.06 per diluted share, for the second quarter of fiscal 2008 compared to income from continuing operations of $9.3 million, or $0.13 per diluted share, for the second quarter of fiscal 2007.

Due to poor back-to-school sales and the current economic climate, the company expects third quarter

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