Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View

The Gap, Inc. (GAP) reported third-quarter fiscal 2024 results, wherein the bottom and top lines surpassed the Zacks Consensus Estimate and grew year over year. GAP posted earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate of 56 cents and surged 22% from the prior-year quarter’s adjusted figure.Quarterly results benefited from immense strength in brands and higher market share. The company gained market share for the seventh straight quarter. It has been smoothly progressing on the ...