I am trying to generate GDCA files using gcov in XCode, and have been using BubbleFoundry and this post as guides.
I have a separate test target created, which prints a bunch of lines when done like:
profiling: /Users/me/Library/Developer/Xcode/DerivedData/
  MyProject-HASH/Build/Intermediates/MyProject.build/Debug-iphoneos/
  MyProject Tests.build/Objects-normal/
  armv7/mysource.gcda: cannot open: No such file or directory
After trying the instructions in both posts I tried setting up CoverStory, which resulted in the same error message.
My permissions in that directory:
   8 -rwxrwxr-x    1 me  staff      474 Nov  5 21:54 mysource.d
   8 -rwxrwxr-x    1 me  staff      220 Nov  5 21:54 mysource.dia
 144 -rwxrwxr-x    1 me  staff    71136 Nov  5 21:54 mysource.gcno
 296 -rwxrwxr-x    1 me  staff   148752 Nov  5 21:54 mysource.o
I previously tried running the permissions script from BubbleFoundy, but I still get the cannot open error (a.k.a. gdca files not written).