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Gap 3Q gain opinion tops Wall Street estimate

Gap Inc. shares are adult in extended trade after a tradesman likely third-quarter gain that surfaced marketplace forecasts.

The San Francisco-based association operates Gap, Old Navy and Banana Republic.

Gap pronounced Thursday after a marketplace sealed that it expects to acquire 78 to 79 cents per share for a entertain that ran by October. Analysts polled by FactSet foresee 71 cents per share.

Gap’s gain opinion overshadowed medium sales trends in October. The association pronounced that the sales from stores open during slightest a year fell 2 percent in the third entertain after dropping 3 percent in October.

Shares rose $1.23, or 3.3 percent, to $39.13 in extended trading.

Article source: http://www.sfgate.com/business/article/Gap-3Q-earnings-outlook-tops-Wall-Street-estimate-5876290.php

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