Earnings live: Oracle to offer snapshot of AI trade as main earnings event this week
Shares of the Gap (GAP) fell more than 8% on Friday morning after weak Athleta sales and tariff impacts weighed on the business. Fourth quarter earnings of $0.45 per share were in line with Wall Street's estimates, according to S&P Global Market Intelligence. Revenue of $4.23 billion was just shy of the $4.24 billion estimate, with the Gap brand posting the strongest same-store sales (up 7% year over year), while Athleta sales were the weakest (down 10% year over year). Overall same-store sales growth of ...