Avago, Pacific Sunwear: After-Hours Trading
The stock was down 24% to $8 on volume of more than 20,000, according to Nasdaq.com, pushing below a prior 52-week low of $8.37 reached on Aug. 10.
Also, Pacific Sunwear of California (PSUN) was unchanged at $2.17 on volume of a little less than 50,000 after the specialty retailer reported a narrower than expected loss for its second quarter ended in July but gave a below-consensus outlook for the current period.
The stock did go as low as $1.95 in the after-hours session, according to Nasdaq.com, but was last quoted as flat. For the October-ending quarter, Pacific Sunwear said it sees a non-GAAP loss of 10 to 18 cents a share with same-store sales in the mid-to-high negative single digits. The current average analysts' view is for a loss of 6 cents a share in the third quarter.
--Written by Michael Baron in New York.
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