04:48 PM EST, 03/07/2024 (MT Newswires) -- Gap (GPS) reported fiscal Q4 earnings late Thursday of $0.49 per diluted share, compared with a loss of $0.75 a year earlier.

Three analysts surveyed by Capital IQ expected an EPS of $0.28.

Net sales for the quarter ended Feb. 3 was $4.30 billion, up from $4.24 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.23 billion.

The company said it expects net sales for fiscal Q1 and fiscal year 2024 to be "roughly flat." Analysts surveyed by Capital IQ expect sales of $3.27 billion in fiscal Q1 and $14.89 billion in fiscal 2024.

Shares of the company rose over 9% in after-hours trading.

Price: 21.15, Change: +1.82, Percent Change: +9.42