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Why Gap Stock Is Tanking On Friday

TheMotleyFool

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Why Gap Stock Is Tanking On Friday: https://g.foolcdn.com/editorial/images/859724/clothes-shopping.jpg

The good news is, retailer (NYSE: GAP) met its fiscal fourth-quarter sales and earnings expectations. The bad news is, the company didn't actually beat either estimate. It merely matched analysts' revenue and profit projections, which were measurably less than year-ago figures.

Given this, the stock was vulnerable to any rhetoric that was less than bullish. All it took was the perception of trouble to send shares 13.5% lower as of 12:40 p.m. ET Friday.

Here's what you need to know.

Source Fool.com