Earnings News
FONT-SIZE Plus   Neg

Gap Q4 Results Top Estimates; Boosts Dividend

Trade GPS now with 

Gap Inc. (GPS: Quote) reported net income for the fourth quarter of $351 million or $0.73 per share, compared to $218 million or $0.44 per share for the year-ago quarter.

Net sales for the fourth quarter rose to $4.73 billion from $4.28 billion in the same quarter last year. Same-store sales for the quarter were up 5%.

Analysts polled by Thomson Reuters expected the company to earn $0.71 per share on revenue of $4.63 billion for the fourth quarter.

Looking forward, the company forecast fiscal year 2013 earnings of $2.52 to $2.60 per share. Analysts currently expect the company to earn $2.59 per share for the fiscal year 2013.

The company also said that its Board of Directors approved a plan to increase the company's annual dividend per share by 20% to $0.60 per share for fiscal year 2013. This is the fourth consecutive year Gap Inc. has increased its dividend.

Click here to receive FREE breaking news email alerts for Gap Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts


Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.