Gap Climbs After Expected Quarterly Profit Exceeds Estimates
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Gap Inc., the biggest U.S. specialty-apparel retailer, climbed the most in 15 months after saying it anticipates quarterly profit that surpassed analysts’ estimates, helped by gains in sales.
The San Francisco-based retailer rose 7.2 percent to $40.47 at 9:45 a.m. in New York after rising as much as 8 percent for the biggest intraday gain since August 2012.