Just like any other retailer, The Gap Inc. (NYSE: GPS) also saw its sales falling in September. Economic uncertainty caused by the policy impasse in Washington prompted consumers to spend money frugally. Gap said on Thursday that September same-store-sales fell 3% while analysts had expected a gain of 1.6%, according to a data compiled by Thomson Reuters. Sales at Banana Republic stores declined 5%; it dipped 3% at GAP stores while it slipped 2% at Old Navy stores. Shares were down nearly 7% by mid-day trade.
Tag: GPS
Major Movers on June 7; COO, YUM, ZQK, THO, MTN, GPS
Shares of the Cooper Companies Inc. (NYSE: COO) gained about 5% by afternoon trade. Higher revenue and stronger margins, helped in driving up the fiscal third quarter income by 37%. Although revenue fell short of estimation, non-GAAP earnings topped expectation. The Company boosted its full-year earnings outlook but slashed the upper end of the full-year revenue guidance.
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Major Movers on May 10; PCLN, MT, GPS, MCP, UBNT
Shares of Priceline.com Inc. (NASDAQ: PCLN) gained about 3.70% by afternoon trade. The online travel reservation company, late on Thursday reported that fiscal first quarter net income rose 36%, thanks to 42.8% growth in international bookings. Adjusted earnings as well as revenue edged past analysts’ expectation.
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Gap Q1 Earnings Guidance Beats Estimates (GPS)
Shares of the Gap Inc. (NYSE: GPS) rallied about 7.15% in aftermarket hours on Thursday after the clothing retailer, late last evening, provided upbeat sales guidance for the fiscal first quarter while sales in April along with same-store-sales showed strong growth trend.
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Gap’s Q4 Results Beat Street’s Estimate (GPS)
Specialty apparel retailer, Gap Inc. (NYSE: GPS), reported late on Thursday fiscal fourth-quarter results that edged past analysts’ estimates.
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Gap Posts 60% Jump in Fiscal Q3 Earnings
Shares of specialty apparel retailer, The Gap Inc. (NYSE: GPS) edged up in pre-market trade on Friday after the Company following the closing bell in previous session reported 60% jump in fiscal third-quarter earnings thanks to fatter margins and growing same-store-sales in North America.
Abercrombie & Fitch Shares Rally on Q3 Results (ANF)
Shares of specialty apparel retailer, Abercrombie & Fitch Co. (NYSE: ANF) leaped over 30% in premarket trading on Wednesday after the company announced fiscal third-quarter results that topped Street’s estimates thanks to spectacular sales growth in international markets even as it projected full-year earnings guidance above analysts’ consensus estimate.
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Gap Reports Strong Sales for August (GPS)
Clothing chain retailer, Gap Inc. (NYSE: GPS) shares climbed on Thursday after the company reported strong sales in August, beating analysts’ expectations.
Gap Shares Rise in After-Hours Trading (GPS)
Gap Inc. (NYSE: GPS), a global specialty apparel company, after-market close on Thursday reported its first-quarter financial results. The company’s first-quarter profit was flat. However, the San Francisco, California-based company raised its guidance for the year, sending shares higher in after-hours trading.
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