Gap (GPS) Beats Q1 Earnings and Revenue Estimates

Gap (GPS) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 192.86%. A quarter ago, it was expected that this clothing chain would post earnings of $0.20 per share when it actually produced earnings of $0.49, delivering a surprise of 145%.Over the last four quarters, the company has sur ...