By Andria Cheng
NEW YORK (MarketWatch) -- Gap Inc. GPS +0.88% sales rose 4%, missing the estimates of a 5% increase in a Thomson Reuters poll. Gap forecast third-quarter profit of 61 cents to 63 cents, including a 2-cent tax credit benefit. Analysts surveyed by FactSet estimated Gap would earn 54 cents a share. Old Navy sales rose 5%, missing estimates of an 8.7% increase. Sales were up 6% at Gap North America. Demand rose 5% at Banana Republic and was down 2% overseas.
