Gap Shares Gain on Q4 Earnings Beat Boosted by Namesake Brand, Old Navy

Key TakeawaysGap reported fiscal fourth-quarter net income and earnings per share that surpassed estimates, driving its shares higher.Comparable sales at Gap and Old Navy in the fourth quarter rose year-on-year, but Banana Republic and Athleta both posted declines.CEO Richard Dickson attributed the strong profits to Gap's "operational and financial rigor." Gap (GPS) shares gained over 4% in intraday trading Friday, after the apparel company posted higher-than-expected earnings during the holiday quarter, bo ...