Gap Inc. (GPS: Quote) 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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by RTT Staff Writer
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