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Gap Inc. Q1 adjusted earnings Beat Estimates

Below are the earnings highlights for Gap Inc. (GPS):

-Earnings: $166 million in Q1 vs. -$932 million in the same period last year.
-EPS: $0.43 in Q1 vs. -$2.51 in the same period last year.
-Excluding items, Gap Inc. reported adjusted earnings of $186 million or $0.48 per share for the period.
-Analysts projected -$0.05 per share
-Revenue: $3.99 billion in Q1 vs. $2.11 billion in the same period last year.

-Guidance:
Full year EPS guidance: $1.60 - $1.75

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