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.

Shares of

Avago Technologies

(AVGO) - Get Report

were surging 6.2% to $31.07 after the supplier of semiconductor devices

topped

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.

Apparel retailer

American Eagle Outfitters

(AEO) - Get Report

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.

Shares of

Starbucks

(SBUX) - Get Report

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.

Mining company

BHP Billiton

(BHP) - Get Report

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

TiVo

(TIVO) - Get Report

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.

Shares of

Toll Brothers

(TOL) - Get Report

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

latest quarter.

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

Applied Materials

(AMAT) - Get Report

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

Calpine

(CPN)

said it plans to buy back up to $300 million of its common shares.

Digital marketing intelligence platform provider

comScore

(SCOR) - Get Report

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.

>To contact the writer of this article, click here:

Andrea Tse

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