Gap Inc. (GPS) reported second quarter net income of $0.49 per share after the close Thursday, compared to $0.35 per share last year. The consensus estimate was for EPS of $0.48. The company also increased its full year EPS forecast to between $1.95 and $2.00, from prior expectations of $1.78 to $1.83. The consensus estimate is for EPS of $2.08.
Gap gapped open higher this morning and has continued to gain ground in early trade. The stock is now up 1.25 at $35.59. Gap has been climbing for the past month and has set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.