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Gap Inc. (GPS) Is Losing Ground After Q1 Profit Disappoints

Gap Inc. (GPS) reported first quarter EPS of $0.42 after the bell Thursday, which fell short of the consensus estimate of $0.46.

Shares of the retailer gapped open lower Friday morning and have continued to lose ground in early trade. The stock is now down 3.69 at $29.25 and has fallen to over a 1-week low.

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