Gap Inc. Earnings Retreat 33% In Q4

(RTTNews) - Gap Inc. (GPS) revealed a profit for fourth quarter that lost ground compared to the same period last year.

The company said its bottom line totaled $214 million, or $0.53 per share. This was lower than $319 million, or $0.75 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.8% to $4.39 billion. This was down from $4.71 billion last year.

Gap Inc. earnings at a glance:

-Earnings (Q4): $214 Mln. vs. $319 Mln. last year. -Earnings Decline (Y-o-Y): -32.9% -EPS (Q4): $0.53 vs. $0.75 last year. -EPS Decline (Y-o-Y): -29.3% -Analysts Estimate: $0.57 -Revenue (Q4): $4.39 Bln vs. $4.71 Bln last year. -Revenue Change (Y-o-Y): -6.8%

-Guidance: Full year EPS guidance: $2.20 - $2.25