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Gap Inc. (GPS) Retreated 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 and dropped throughout the first hour of trade. The stock slipped further going into the close and finished down by 4.80 at $28.15 on the highest volume of the year. Gap closed testing support, trading at a 2-week low.

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