Nvidia stuns analysts with disappointing earnings while Gap and Target deliver unexpected results: what broker say
Nvidia did the unthinkable this week: dropped a set of earnings that offered a less rosy picture than analysts were hoping to see. And, as investors digested the latest financial results from the world's most valuable company, The Gap and Target surprised with very different earnings.
Gap's ‘Brand Reinvigoration' Focus Turns to In-Store and Online Experiences
Gap Inc. is refining both its digital and in-store channels as it works to reinvigorate its apparel brands. The parent company of Old Navy, Gap, Banana Republic and Athleta said this Thursday (Nov. 21) while reporting its third-quarter results.
Why The Gap Stock Jumped Today
The Gap modestly grew sales but it boosted its profits by consequential amounts. The stock was cheaply valued and its profit surge should continue at least for the near term.
These Analysts Increase Their Forecasts On Gap Following Better-Than-Expected Earnings
The Gap, Inc. GAP reported better-than-expected earnings for its second quarter and raised its outlook for FY24 gross margin.
Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View
GAP's third-quarter fiscal 2024 results are solid due to gains from strength in brands and other strategic efforts. The company has also been managing costs.
The Gap: Brand Momentum Can Carry Shares Higher (Upgrade)
The Gap's shares jumped 8% after strong quarterly results, with cost controls supporting margin expansion and a notable rise in online sales. Athleta showed a strong performance, while Banana Republic stabilized; Old Navy remains resilient despite economic headwinds. Gap's robust cash flow and improved balance sheet, with $2.2 billion in cash, support potential future buybacks or dividends.
Gap Stock Jumps as Old Navy Parent Boosts Outlook
Shares of The Gap (GAP) are surging in premarket trading after the apparel retailer reported stronger-than-expected third-quarter results and boosted its full-year sales outlook.
Gap is still in the early innings of its brand overhaul, but analysts say it's working
Gap Inc. is still in the early innings of a brand overhaul under Chief Executive Richard Dickson, but the early signs suggest his strategy is working, analysts said Friday.
Gap shares surge as upbeat sales expectations signal promising start to holiday season
Gap shares soared 15% premarket on Friday, as a return to growth at all four of its brands after nearly two years encouraged the apparel retailer to lift its annual sales forecast in a robust start to the holiday shopping season.
Gap stock jumps in out-of-hours trade as earnings beat expectations
Gap Inc (NYSE:GPS) shares popped some 15% higher overnight after it released better-than-expected financials after Thursday's closing bell. Chief executive Richard Dickson said that Gap's “brand reinvigoration playbook” was helping to make the company stronger and driving progress to unlock the brand's “full potential”.
Gap stock jumps in out-of-hours trade as earnings beat expectations
Gap Inc (NYSE:GPS) shares popped some 15% higher overnight after it released better-than-expected financials after Thursday’s closing bell. Chief executive Richard Dickson said that Gap’s “brand reinvigoration playbook” was helping to make the company stronger and driving progress to unlock the brand’s “full potential”. The jeans-and-hoodies retailer last night announced third-quarter fiscal 2024 results, with earnings per share of $0.72 surpassing analyst expectations of $0.58. Revenue for the period was $3.80 billion, slightly below the $3.81 billion consensus estimate. GAP highlighted 7% growth in online sales, which constituted 40% of total net sales, while store sales declined by 2%. Operating income stood at $355 million, reflecting an operating margin of 9.30%, a 270-basis-point improvement compared to the prior year. The company also reported net income of $274 million for the quarter. Ahead of Friday’s open in New York, the stock price was up $3.36 or 15.25% at $25.40. Sidney Resources Corporation (OTC:SDRC) has welcomed Jim Scherrer, a seasoned leader with over 38 years of experience in infrastructure development, to its board of directors. The company highlighted that Scherrer has successfully transformed Scherrer Construction into a nationally recognized entity, balancing sustainable growth and community development. His appointment strengthens Sidney’s commitment to advancing green technologies and expanding operations in the Warren District, Sidney Resources said. Scherrer’s expertise in large-scale projects and strategic investment optimization is expected to enhance Sidney Resources’ operational efficiency and shareholder value. "Jim Scherrer is not just a leader; he's a game-changer," Sidney Resources CEO Sean-Rae Zalewski said in a statement. "His ability to optimize capital investments and develop cutting-edge infrastructure will be critical as we position Sidney for accelerated growth and profitability. Investors should be as excited as we are-Jim's expertise will ensure Sidney Resources achieves its full potential while maximizing value for our shareholders." Scherrer described joining Sidney Resources as “an incredible opportunity to contribute to a company at the forefront of sustainable development.” "I am excited to help drive Sidney's mission forward and ensure that every investment we make translates into measurable growth and long-term success." Boeing Co (NYSE:BA, ETR:BCO) has landed an order worth US$2.38 billion for aerial refuelers from the US Air Force. A contract to build a further 15 KC-46A Pegasus tankers was unveiled on Thursday, adding to the 89 delivered to the US Air Force since 2019, Boeing said in a statement. “We appreciate our continued partnership with the US Air Force,” KC-46 programme manager Lynn Fox commented, “this is another big milestone for our team”. The tanker made its first full-scale operational deployment in October after receiving approval for missions by the US in 2022. The deal meant some 168 KC-46As were now under order globally, Boeing added. “We look forward to delivering the world’s most advanced multi-mission aerial refuelers for years to come,” Fox said.
