gap stock plunged in afterhours trading following a downbeat quarterly report from the apparel retailer under generally accepted accounting principles gap ticker gps posted a loss of 75 cents a share for the fourth quarter the three months ended in january while analysts had expected a loss of 41 cents a share sales were 42 billion down by 6 from a year earlier coming in under projections for 44 billion sales declined across all of gap’s brands including old navy gap banana republic and athleta