Advertisement
Singapore markets open in 55 minutes

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,530.80
    -274.17 (-0.41%)
     

  • CMC Crypto 200

    1,428.98
    +14.22 (+1.00%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Gold

    2,337.30
    -4.80 (-0.20%)
     

  • Crude Oil

    83.45
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • Nikkei

    37,552.16
    0.00 (0.00%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    -7,073.82 (-49.87%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Gap: Fiscal 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

SAN FRANCISCO (AP) _ Gap Inc. (GPS) on Thursday reported a fiscal first-quarter loss of $932 million, after reporting a profit in the same period a year earlier.

The San Francisco-based company said it had a loss of $2.51 per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.

The clothing chain posted revenue of $2.11 billion in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $2.41 billion.

Gap shares have dropped 31% since the beginning of the year, while the Standard & Poor's 500 index has declined nearly 4%. In the final minutes of trading on Thursday, shares hit $12.14, a decrease of 36% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPS at https://www.zacks.com/ap/GPS