May 22, 2013
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Pacific Sunwear of California Inc. beat analysts’ expectations for the third quarter, sending its stock up about 8% to $1.83 and a market value of about $126.7 million in midday trading Thursday.
Shares of Pacific Sunwear of California Inc. were down 8.7% in midday trading Friday after the retailer said it anticipates a third-quarter loss between 4 cents and 9 cents a share, and revenue between $203 million and $208 million.
Shares of Anaheim-based Pacific Sunwear of California Inc. shot up as the business continues to steadily improve for the action-sports retailer.