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Its profit and revenue, however, came in above analysts' projections, and it raised its full-year profit view.
Gap, which is based in San Francisco and owns Gap, Old Navy and Banana Republic chains, raised its profit view for the year.
Abercrombie & Fitch late Friday reported a drop in first-quarter same-store sales that was steeper than expected and cut its full-year profit view.
The drug company Merck fell 2.72 percent, or 97 cents, to $32.90, dragging down the Dow, after it forecast 2011 earnings below Wall Street expectations and withdrew its longer-term profit view.
DaimlerChrysler Dampens Profit View.
ConAgra Beats Q1 Profit View, Raises Guidance.
Tommy Hilfiger Swings To Profit; View Cautious.
E*Trade Raises 2003 Profit View, Trades Rise.
Nokia Warns On Q3 Sales; Keeps Profit View.
Tyco Cuts Profit View; Fire And Security Head Axed.
Schering Sticks To Profit View On Strong Q1.
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