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John123 in Gainers & Losers,

Gap shares plunged 14% as sales miss estimates

Gap (GPS) sank 13.8% to $23.85 after the company's disappointing same-store sales for March.

Company reports bigger-than-expected decline in comparable sales for March, hurt by weak traffic during Easter weekend.

Company also said it was entering April with higher inventory than it had planned for due to weak traffic in March, which it expects to hurt gross margins in Q1.

Total sales in five-week period ended April 4 fell to $1.43 bln from $1.53 bln

Comparable sales at the Gap, Old Navy and Banana Republic brands all fall more than expected.

Up to Thursday's close, stock had fallen about 35% over past 12 months

Looks like no "light in the end of tunnel" for Gap.