SAN FRANCISCO (AP) _ Gap Inc. (GPS) on Thursday reported fiscal fourth-quarter net income of $234 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had net income of 61 cents. Earnings, adjusted for pretax gains, came to 28 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The clothing chain posted revenue of $4.42 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $4.67 billion.

Gap expects full-year earnings to be $1.20 to $1.35 per share.

Gap shares have climbed 26% since the beginning of the year, while the S&P's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $25.43, a climb of 78% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPS at https://www.zacks.com/ap/GPS

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