Gap (NYSE:GPS) reported quarterly earnings of $0.08 per share. This is a 88.57 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $3.86 billion
Gap (NYSE:GPS) reported quarterly sales of $3.86 billion which beat the analyst consensus estimate of $3.82 billion by 1.05 percent. This is a 8.34 percent decrease over sales of $4.21 billion the same period last year.
The second-quarter reporting season is winding down at the end of this week. Earnings growth of S&P 500 companies slowed to a mid-single-digit range, but this shouldn’t come as a surprise, given the multiple headwinds companies faced during the quarter.
U.S. stocks closed mostly higher on Tuesday, with the Dow Jones gaining around 240 points. Here is the list of some big stocks moving higher in the previous session.