The apparel retailer released its results earlier than expected after a presentation reportedly appeared on its website Thursday morning.Follow your favorite stocksFacade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024.beat quarterly earnings and revenue estimates and raised its full-year profit margin outlook, the apparel retailer said in results released earlier than expected Thursday.
Gap's stock was halted just before 10 a.m. ET. The company then released its quarterly results at 11:12 a.m. ET, hours before it was originally expected to drop the results after the bell Thursday.Here's what the company reported for the second quarter, compared with what Wall Street expected, according to analysts surveyed by LSEG:$3.72 billion vs. $3.63 billion expected
Gap posted net income of $206 million, or 54 cents per share, for the period ending Aug. 3. That compares with $117 million, or 32 cents per share, in the prior-year period.