Gap (NYSE:GPS) reported preliminary Q4 EPS of $0.41 – $0.42, beating estimates of $0.35 per share. Revenues in the quarter came in at $4.28 billion which was inline with consensus estimates.In respect to the company’s sales, January comparable sales slipped 4% vs. estimates for a 5.1% decline. For the other Gap brands such as Gap North American, Old Navy, and Banana Republic sales all dropped close to 6% in the quarter. International sales were down 10%.Gap Inc should find initial support at its 200-day moving average (MA) of $18.59 and further support at its 50-day MA of $18.54.
