Clothing retailer Gap GPS released its fiscal fourth-quarter earnings after the closing bell on Thursday. In the after hours, the stock has risen better than three percent to $34.00.
The company reported net income of $351 million or $0.73 per share, compared to $218 million or $0.44 per share, in last year's corresponding period.
Net sales for the quarter were $4.73 billion, up from $4.28 billion in last year's fiscal fourth-quarter.
Heading into the report, Wall Street analysts had consensus EPS estimates of $0.71 on sales of $4.63 billion.
Looking ahead to fiscal 2013, Gap guided for EPS of $2.52 to $2.60. Currently, analysts anticipate that Gap will earn $2.59 per share for fiscal 2013.
The company's Board of Directors also approved a plan to increase the dividend by around 20 percent to $0.60 per share.
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