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Gap Inc. Reveals Decline In Q2 Profit

Gap Inc. (GPS) reported a profit for second quarter that fell from last year.

The company's bottom line totaled $168 million, or $0.44 per share. This compares with $297 million, or $0.76 per share, in last year's second quarter.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.0% to $4.01 billion from $4.09 billion last year.

Gap Inc. earnings at a glance:

-Earnings (Q2): $168 Mln. vs. $297 Mln. last year.
-EPS (Q2): $0.44 vs. $0.76 last year.
-Analysts Estimate: $0.53
-Revenue (Q2): $4.01 Bln vs. $4.09 Bln last year.

Full year EPS guidance: $2.05 to $2.15

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