NEW YORK (TheStreet) -- Shares of Pacific Sunwear of California (PSUN) were tanking 17.1% to $1.80 in premarket trading Wednesday after the apparel retailer gave a below-consensus outlook for the third quarter.
For the October-ending quarter, Pacific Sunwear predicted a non-GAAP loss of 10 cents to 18 cents a share, and same-store sales to decline by mid-to-high single digits.
were surging 6.2% to $31.07 after the supplier of semiconductor devices
Wall Street expectations for its third quarter and forecast sequential growth in revenue in the current period.
The company reported a non-GAAP profit of $176 million, or 68 cents a share, for the quarter on revenue of $603 million, up from year-ago equivalent earnings of $152 million, or 61 cents a share, on revenue of $551 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 63 cents a share on revenue of $593 million.
American Eagle Outfitters
on Wednesday reported second-quarter earnings of 10 cents a share vs. the average analyst estimate of 11 cents a share.
Shares were tumbling 4% to $11.15.
were rising 3.5% to $38 after the coffee chain operator said it will discontinue sales of Doubleshot canned espresso beverages at its Canadian shops as it creates room for food products.
reported a second-half profit that jumped 62% to $11 billion, excluding certain items, but fell short of the average $11.7 billion estimate of analysts polled by Thomson Reuters. The company also said it's challenged by "tight labor and raw material markets." The stock was losing 1.2% to $79.90 ahead of Wednesday's opening bell.
Digital recorder maker
is expected to report after the markets close Wednesday a second-quarter loss of 21 cents a share vs. a loss of 13 cents a share a year earlier.
Shares were up 0.5% to $8.29.
were ticking down 0.3% to $14.70 after the luxury homebuilder said revenue fell 13% to $394.3 million. Analysts were expecting Toll to post third-quarter revenue of $403.6 million.
Fiscal third-quarter profit rose 54% as the company recorded a large tax benefit in the
Toll earned $42.1 million, or 25 cents a share, in the third quarter, up from year-earlier earnings of $27.3 million, or 16 cents a share. The latest period included a tax benefit of $38.2 million from the reversal of previously accrued state and federal taxes, compared to a tax benefit of $26.5 million a year earlier.
Semiconductor services and products provider
is expected to post third-quarter earnings of 33 cents a share vs. last year's earnings of 29 cents a share. The report is scheduled for release after the markets close Wednesday.
Shares were unchanged at $11.44.
Wholesale power company
said it plans to buy back up to $300 million of its common shares.
Digital marketing intelligence platform provider
is being sued by two Internet users for allegedly installing data-mining software on the computers without their knowledge.
-- Written by Andrea Tse in New York.
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