SAN FRANCISCO (dpa-AFX) - Gap Inc. (GPS) reported a profit for third quarter that dropped compared to the same period last year.
The company said its earnings came in at $238 million, or $0.60 per share. This was down from $256 million, or $0.63 per share, in last year's third quarter.
Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.6% to $3.80 billion. This was down from $3.86 billion last year.
Gap Inc. earnings at a glance:
-Earnings (Q3): $238 Mln. vs. $256 Mln. last year. -Earnings Decline (Y-o-Y): -7.0% -EPS (Q3): $0.60 vs. $0.63 last year. -EPS Decline (Y-o-Y): -4.8% -Analysts Estimate: $0.60 -Revenue (Q3): $3.80 Bln vs. $3.86 Bln last year. -Revenue Change (Y-o-Y): -1.6%
-Guidance: Full year EPS guidance: $1.87 to $1.92
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