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Gap Inc. Earnings Advance In Q1

Gap Inc. (GPS) revealed a profit for its first quarter that increased from last year.

The company's earnings came in at $164 million, or $0.42 per share. This compares with $143 million, or $0.36 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.9% to $3.78 billion from $3.44 billion last year.

Gap Inc. earnings at a glance:

-Earnings (Q1): $164 Mln. vs. $143 Mln. last year.
-EPS (Q1): $0.42 vs. $0.36 last year.
-Analysts Estimate: $0.46
-Revenue (Q1): $3.78 Bln vs. $3.44 Bln last year.

-Guidance:
Full year EPS guidance: $2.55 to $2.70

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