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Gap Shares Pop on Strong Earnings Forecast After April Sales Gain

The Gap has a strong earnings outlook for their upcoming quarterly report and it raised forecasts after a huge gain in April sales. The company impressed investors with its profit expectations on the back of climbing sales. Gap's stock also reacted positively to this news, trading up almost 4 percent. The San Francisco-based company says its sales at stores open at least a year, a key retail benchmark, rose 9 percent, and noted its Old Navy chain did particularly well.