Gap Inc. said its comparable sales fell a steeper-than-expected 4% during July on declines at its Banana Republic and namesake brands. Shares, down 27% in the past 12 months, fell 4.8% to $24.40 in recent after-hours trading despite the apparel retailer’s per-share earnings view for the latest quarter, which was better than expected.

Source: Wall Street Journal August 08, 2016 21:40 UTC