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Ticker Summary (GPS)

18.11+0.10 (+0.56%)
Open 17.79
High 18.17
Low 17.45
Volume 9,712,243
Market Cap 11.8B
52 Week High 26.34
52 Week Low 16.19
P/E 10.59
F P/E 9.33
EPS 1.71
Dividend 0.37
Yield 2.05%
1 Year Target 23.30

GPS 18.11 +0.56%

Gap Inc. posted third quarter revenue up 26% due to lower marketing costs on Wednesday. Net income for the company rose to $238 million or 30 cents per share compared to 23 cents per share last year. CEO, Glen Murphy, stated that the company is preparing for a rough holiday season with same store sales down 5% for the quarter. He stated that the tough economical environment would lower sells this holiday season.

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3 years 271 days ago by Tim

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