Gap, Inc. (GPS) Tops Q1 EPS by 1c, Lowers FY11 Guidance

May 19, 2011 4:01 PM EDT
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Price: $24.55 --0%

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Net sales: 3.8B

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Gap, Inc. (NYSE: GPS) reported Q1 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $3.3 million versus the consensus estimate of $3.3 billion.

Gap, Inc. sees FY2011 EPS of $1.40-$1.50, versus prior guidance of $1.88-$1.93 and the consensus of $1.84.


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