Gap, Inc. (GPS) Tops Q1 EPS by 2c; Reaffirms Outlook

May 23, 2013 4:01 PM EDT
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Price: $24.55 --0%

Financial Fact:
Net income: 204M

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FRMM, PETS, DARE, More
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Gap, Inc. (NYSE: GPS) reported Q1 EPS of $0.71, $0.02 better than the analyst estimate of $0.69. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.68 billion.

Gap, Inc. reaffirmed FY2013 guidance.

Due to the 53rd week in fiscal year 2012, comparable sales for the first quarter of fiscal year 2013 are compared with the 13-week period ended May 5, 2012. On this basis, the company’s first quarter comparable sales increased 2 percent compared with a 4 percent increase in the first quarter last year.

For earnings history and earnings-related data on Gap, Inc. (GPS) click here.


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