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Why PacSun (PSUN) Is Up Today

NEW YORK (TheStreet) -- Pacific Sunwear of California (PSUN - Get Report), more commonly known as PacSun, rose 5.33% to $3.16 at 3:21 p.m. on Wednesday after the company reported its fourth-quarter earnings after the market closed on Tuesday.

The apparel retailer posted a net loss of 17 cents a share, 2 cents better than the expectations of analysts surveyed by Thomson Reuters. Revenue declined 4.1% year over year but still surpassed the consensus estimate of $213.48 million.

Comparable-store sales increased 2% in the fourth quarter, which marked PacSun's eighth consecutive quarter of positive comparable-store sales.

For the first quarter of the fiscal year 2014, PacSun expects an adjusted loss of 17 cents to 12 cents a share. Analysts had anticipated a loss of 12 cents a share. The company expects comparable-store sales between 1% and 4% and revenue between $169 million and $174 million, which surpassed analysts' estimates of $168.1 million.

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TheStreet Ratings team rates PACIFIC SUNWEAR CALIF INC as a "sell" with a ratings score of D-. The team has this to say about their recommendation:

"We rate PACIFIC SUNWEAR CALIF INC (PSUN) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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