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California | IN BRIEF / California

Pacific Sunwear Profit Decreases Slightly

May 14, 2002|Leslie Earnest

Pacific Sunwear of California Inc. reported fiscal first-quarter earnings of $3.3 million, or 10 cents a share, down slightly from $3.5million, or 11 cents, a year ago. Analysts were expecting 11 cents.

Year-ago results exclude a charge that brought net income to $1 million, or 3 cents a share.

The Anaheim retailer's sales rose 17% to $161.7 million.

Its shares rose 19 cents to $19.49 on Nasdaq.

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Leslie Earnest

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