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Gap Earnings Decline but Beat Estimates

Gap reported slightly lower earnings, but the results still beat Wall Street expectations.

The retailer reported earnings of 34 cents a share on sales of $4.08 billion in its fiscal fourth quarter, compared with a profit of 35 cents a share on revenue of $4.68 billion in the same period last year.

Analysts who follow the company expected it to turn in a gain of 32 cents a share on sales of $4.11 billion, according to a consensus from Thomson Reuters.

Gap shares , which closed Thursday at $11.35, remained unchanged in extended trading.

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