Gap shares surged in extended trading after the retailer mounting a turnaround posted better-than-expected second quarter results, led by Old Navy, and lifted its full-year earnings outlook. Shares in the San Francisco-based company surged as much as 16 per cent before paring those gains to trade 6 per cent higher after reported that comparable sales, … Read More →
Tiffany & Co. delivered fourth-quarter and full-year earnings results that managed to beat analysts’ expectations, but sales were down from the previous year and the company lowered guidance once again. Net income for the quarter was $186.8 million, or $1.46 a diluted share, a 4.8 percent decline from last year’s $196.2 million, or $1.51 a … Read More →