Pacific Sunwear (PSUN) Momentum Signals; Avago Technologies (AVGO) Strong Profitability Growth


Pacific Sunwear of California Inc. (Nasdaq:PSUN) shares soared more than 20% in after-hours trading Wednesday as the company reported better-than-expected quarterly financial results driven by improving trends over the past 90 days.

For the third quarter fiscal 2015, Pacific Sunwear posted net sales of $205.9 million and non-GAAP net loss of ($3.2) million, or $(0.05) per diluted share versus the Capital IQ Consensus Estimate of ($0.08) loss per share on revenues of $197.97 million for the period

PSUN stock finished the regular session at $0.36, up $0.017 (or +5.05%), and 440,562 of its shares exchanged hands during the day

Pacific Sunwear of California, a leading specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle, has 70.08M Shares Outstanding, Market Capitalization (intraday) of $25.23M and PSUN stock 52-week range is between $0.23 and $3.05 per share



Shares of Avago Technologies Ltd. (Nasdaq:AVGO) climbed over 8% in the extended session Wednesday after the company delivered record levels of revenue and profitability in its financial results

For its fourth quarter fiscal 2015, Avago posted non-GAAP (excluding non-recurring items) revenue of $1.853 billion, a 15% increase year over year, and non-GAAP net income of $737 million, or $2.51 per diluted share, compared to non-GAAP net income of $556 million, or $1.99 per diluted share in the same quarter the prior year, surpassing by $0.13 the Capital IQ Consensus Estimate of $2.38 earnings per share for the period

AVGO stock closed at $132.21, down $0.68 (or -0.51%), with a total volume of 4,455,718 shares traded during the day

Avago Technologies, a leading semiconductor device supplier, has 276.00M Shares Outstanding, Market Capitalization (intraday) of $36.49B and AVGO stock one-year range is from $93.03 to $150.50 per share


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