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2 Teen Retailers Gain On Prelims; Gap Drops

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Two apparel retailers gained sharply in Monday's extended session on better-than-expected preliminary fourth-quarter results.

Aeropostale Inc (NYSE: ARO) jumped more than 17 percent to $3.10, while Urban Outfitters, Inc. (NASDAQ: URBN) picked up more than 7 percent.

Gap Inc (NYSE: GPS) also beat fourth quarter expectations, but posted disappointing sales for January. Gap traded down recently by $0.30 to $40.80.

Aeropostale estimated its fourth quarter loss at between -$0.06 to -$0.01 a share, on sales of $594.5 million.

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Wall Street expects a loss of -$0.27 a share, on sales of $577.7 million when Aeropostale posts full results on March 12.

Urban's Turn

Urban Outfitters said fourth quarter sales grew 12 percent to $1.01 billion; Wall Street expected sales of $998.1 million.

Same-store sales grew 4 percent at Urban Outfitters' namesake chain, by 18 percent at Free People, and 6 at the Anthropologie Group.

Urban Outfitters is slated to post full results on March 9.

What About Gap?

Gap, lastly, estimated its fourth quarter adjusted earnings will be between $0.73 and $0.74 a share, while sales grew 3 percent to $4.71 billion.

Wall Street analysts expected $0.68 a share on sales of $4.71 billion. Gap also said January same-store sales fell 3 percent from a year earlier and total sales declined more than 1 percent to $888 million.

Gap is slated to post full results February 26.

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