EARNINGS SUMMARY: Details of Gap Inc. Q2 Earnings Report

Gap Inc. (GPS) announced earnings for its second quarter that advanced from the same period last year.

The company’s bottom line came in at $297 million, or $0.76 per share. This compares with $271 million, or $0.68 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.6% to $4.09 billion from $3.80 billion last year.

Gap Inc. earnings at a glance:

-Earnings (Q2): . vs. $231 Mln. last year.
-Analysts Estimate: $0.72
-Revenue (Q2): $4.09 Bln vs. $3.80 Bln last year.

-Guidance:
Full year EPS guidance: $2.55 to $2.70

by RTTNews Staff Writer

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