Company News: Gap (GPS) quarterly earnings beat analysts’ estimate

Market news

5 March 2021

Company News: Gap (GPS) quarterly earnings beat analysts’ estimate

Gap (GPS) reported Q4 FY 2020 earnings of $0.28 per share (versus $0.58 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.18 per share.

The company’s quarterly revenues amounted to $4.424 bln (-5.3% y/y), missing analysts’ consensus estimate of $4.658 bln.

GPS rose to $26.02 (+2.52%) in pre-market trading.

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