Gap Beats on Earnings, Raises Dividend 20%

Net income for the quarter jumped 61 percent to $351 million, or 73 cents a share, from $218 million, or 44 cents a share in the year-earlier period. 

Revenue improved more than 10 percent to $4.Antique faucets73 billion from $4.28 billion a year ago.Cast iron clawfoot tubs 

Analysts had expected Gap to report earnings of 71 cents a share on $4.63 billion in revenue, according to a consensus estimate from Thomson Reuters. 

Sales rose 5 percent at stores open at least a year, considered a key indicator of a retailer's health. 

Gap's outlook came in on the low end of expectations: It expects to earn between $2.52 and $2.60 per share in 2013; analysts currently expect $2.59 a share. The company cited the weakening yen as a factor. 

It's been a tough environment for retailers as U.Prepreg is made by impregnating fibers such as carbon cloth .S. consumers are being squeezed by a trio of factors: rising gasoline prices, a payroll-tax hike and delayed tax refunds. 

J.C. Penney share dropped nearly 20 percent after the department store reported its sharpest drop in sales since announcing a transformation plan 13 months ago. 

Kohl's reported a lower fourth-quarter profit and forecast full-year earnings that were short of Wall Street expectations.AMobile crusher game is a video game played on a feature phone, 

Meanwhile, Sears Holdings, which includes Kmart stores, reported a higher-than-expected quarterly profit, but Wall Street noted this was mainly thanks to cost cuts and sent shares down as much as 7 percent. 

Last week the retail behemoth Wal-Mart beat earnings estimates,This is a sheet-shaped intermediate material made by impregnating carbon prepreg with thermoplastic resin. but weak guidance for the coming quarter overshadowed those results.