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Gap 4Q Earnings Top Estimates

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  • Description

    Earnings HQ: FBN’s Shibani Joshi breaks down GPS’s fourth-quarter earnings report.

  • Duration 1:10
  • Date

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GAAP numbers -- -- outlets to -- products.

Get a double -- -- that mega retailer and apparel company -- coming in better than expected beating the street by two pennies 73 cents a share.

EPS on revenues of four point 72 billion that is a growth of more than 11% in the most recent quarter.

Saints -- sales coming in at 5% and you compare that to a year ago much better than a year ago we saw a decline it's 4%.

Also making headlines coming up the company is increasing its dividend by 20%.

The dividend will -- from twelve and a half cents.

Per share to fifteen cents per share also full year view coming in pretty much in line with the street is looking foreign you're seeing -- -- up.

Slight -- up in terms of what the street is looking for but overall the apparel company which runs gap old navy banana republic coming in -- -- -- solid fourth.

Quarter report look at this bid 34 dollars twelve cents compared to the closing value of thirty to 96 that dividend is significant of course we just got Home Depot upping its dividend -- In fact some thirty companies in January alone up their dividends and about seven in the past two weeks so thank you very much -- body -- thing about.

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