Why The Gap Stock Popped Today
Gap stock gets a boost as Trump's tariff refunds come home to roost.
Overview
Clothing chain The Gap (NYSE: GAP) stock soared 13% through 11:35 a.m. ET Friday after exceeding analyst targets for earnings last night.
Heading into its Q2 report, Wall Street had Gap pegged for a $0.49 per share profit on sales of $3.7 billion. Gap met the sales forecast and beat on earnings, reporting pro forma profit of $0.52 per share.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.