Gap Inc. (GPS) reported a 7% increase in April same store sales after the close Thursday. The company also profived first quarter EPS guidance of $0.68 to $0.69. The consensus estimate is for EPS of $0.56. The stock is now up 2.61 on 772K shares.
Gap traded in a range throughout Thursday's session and closed up by 0.05 at $38.81. The stock has been moving in a narrow range for the past week at the highs of the year.
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