Gap Reports Encouraging Quarter – Analyst Blog
Gap Inc. ( GPS ) has reported relatively strong second-quarter results despite challenging market conditions. The company reported net income of $228 million or 33 cents per share during the quarter, compared to $229 million or 32 cents per share in the year-earlier quarter. The earnings also exceeded the Zacks Consensus Estimate by a penny. Net sales during the quarter were $3.25 billion compared to $3.50 billion in the year-ago quarter, primarily due to a soft economy. The continued economi

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