Gap has been in the midst of a turnaround under CEO Richard Dickson and has blown away Wall Street expectations for four quarters in a row.
The stock of The Gap (GAP) is up 15% after the clothing retailer announced strong financial results and provided bullish forward guidance that
Gap’s holiday-quarter profit is head and shoulders above Wall Street expectations and retailer speaks of a “reinvigoration” of its brands.
Analysts expect the Palo Alto, California-based company to report quarterly earnings at 38 cents per share, down from 49 cents per share in the year-ago period. Gap projects quarterly revenue of $4.07 billion, compared to $4.3 billion a year earlier, according to data from Benzinga Pro.
Stock futures are slightly higher Friday morning ahead of the release of closely watched employment data, as the market looks to cap off a volatile week on a high note.
Amid some pretty tricky earnings updates from retailers, Gap (GAP) seems to be standing out as it benefits from a strong turnaround in its core
Analysts on Wall Street project that Gap (GAP) will announce quarterly earnings of $0.36 per share in its forthcoming report, representing a decline of 26.5% year over year. Revenues are projected ...