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Outlook roundup: Gap, Pacific Sunwear



By AP
06 November 2008 @ 10:22 am EST

Among the earnings projection stories for Thursday, Nov. 6, from AP Financial News:

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GPS 13.56 -0.68
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LAMR 15.32 -1.23
PLCE 22.33 0.19

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SAN FRANCISCO (AP)--Gap Inc. on Thursday reaffirmed its outlook for fiscal 2008 profit in range of Wall Street expectations, despite missing analysts' estimates for October same-store sales.

ANAHEIM, Calif. (AP)--Teen apparel retailer Pacific Sunwear of California Inc. said Thursday it now expects to report a loss in the fiscal third-quarter after sales fell sharply in October.

BATON ROUGE, La. (AP)--Lamar Advertising Co. on Thursday said it expects fourth-quarter revenue to fall about 9 percent from the same period a year earlier to a level below Wall Street analysts' forecasts.

SECAUCUS, N.J. (AP)--The Children's Place Retail Stores Inc., a children's clothing retailer, gave guidance Thursday for third-quarter earnings that when adjusted to exclude a one-time item appeared to be below Wall Street expectations.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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