Gap Slips As Full-Year Forecast Disappoints

Gap ( GPS ) is falling on Friday; although its fourth-quarter earnings were in-line with the company's preannouncement, but investors were disappointed with its guidance. Gap said it earned 51 cents a share in the quarter, in-line with analysts estimates and its preannouncement of 5o cents to 51 cents. Revenue rose 1% year over year to $4.43 billion, above the $4.39 consensus; it had forecast revenues of $4.43 billion to $4.4 billion earlier this month.