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Earnings Analysis: 
Pacific Sunwear Sales Down 5%
Author: Trupti Mehta
123jump.com
Last Update: 11:04 AM ET November 19 2008



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La-Z-Boy the furniture maker second quarter revenues fell 9.2% to $331.9 million and net loss was $53.7 million or $1.04 a share. Pacific Sunwear of California, Inc clothing retailer third quarter sales fell 5.3% to $323.6 million and net loss was $2.5 million or 4 cents a share.

 
[R]7:40AM New York - La-Z-Boy revenue fell 9.2% and net loss was $53.7 million. Mad Catz Interactive, Inc sales rose 53% and net loss was $1.2 million. Pacific Sunwear of California, Inc sales fell 5.3% and net loss was $2.5 million.[/R]

La-Z-Boy Incorporated, the furniture maker said second quarter revenues fell 9.2% to $331.9 million from $365.4 million a year ago. Net loss in the quarter was $53.7 million or $1.04 per diluted share compared to net loss of $9.9 million or 19 cents per share a year ago.

La-Z-Boy Incorporated (LAB: chart) in the last one year traded as high as $11.76 in September 2008 and as low as $3.87 in October 2008. Based on the yesterday’s closing price of $4.95 the company has market cap of $254.57 million.

Mad Catz Interactive, Inc, peripheral maker for interactive entertainment said second quarter sales rose 53% to $25.8 million from $16.9 million a year ago. Net loss in the quarter was $1.2 million or 2 cents per diluted share compared to net income of $0.9 million or 2 cents per share a year ago.

Mad Catz Interactive, Inc (MCZ: chart) in the last one year traded as high as $1.23 in November 2007 and as low as $0.28 in November 2008. Based on the yesterday’s closing price of 32 cents the company has market cap of $17.63 million.

Pacific Sunwear of California, Inc, clothing retailer said third quarter sales fell 5.3% to $323.6 million from $341.9 million a year ago. Net loss in the quarter was $2.5 million or 4 cents per diluted share compared to net loss of $20 million or 29 cents per share a year ago.

Comparable same store sales fell 7%.

Pacific Sunwear of California, Inc (PSUN: chart) in the last one year traded as high as $16.95 in December 2007 and as low as $1.14 in November 2008. Based on the yesterday’s closing price of $1.40 the company has market cap of $91.99 million.
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Market data: BATS Exchange. Inc.

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