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Gap beats Q2 earnings estimates, stock resumes trading

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Retail Giant Gap ニュース

Quarter Earnings Results,Earnings Report,Market Domination

Retail giant Gap (GAP) released its second quarter earnings results, reporting a beat on both the top and bottom lines. However, the stock was temporarily...

) released its second quarter earnings results, reporting a beat on both the top and bottom lines. However, the stock was temporarily halted after the company accidentally released its report online before its set earnings release time.joins Market Domination to discuss the mishap and dig into the earnings report, noting the performance of Gap brands Banana Republic, Old Navy, and Athleta.

And according to a gap spokesperson, uh it was posted for a brief period as a result of an administrative error, they then notified the New York Stock Exchange and that was the reason for that temporary hold in the middle of the day. They did report a sales decline of 4% there and they do expect the brand to return to positive same source sales growth for the remainder of the year.It sort of speaks to where we're at right now.

Swedish supergroup ABBA has asked Donald Trump to stop using their music at campaign rallies, but the Republican presidential nominee's campaign says it has permission. “ABBA has recently discovered the unauthorized use of their music and videos at a Trump event through videos that appeared online," said a statement to The Associated Press from the band, whose hits include “Waterloo,” “The Winner Takes It All” and “Money, Money, Money.

 

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