Gap Sees Full Year Earnings Modestly Above High End of Guidance

Gap reported that net sales were up 1% and comparable sales were positive 2% for the November and December 2016 holiday season, compared with last year.

The company now expects its full year adjusted earnings to be modestly above the high end of its previous guidance of $1.92 per share. Analysts polled by Capital IQ are expecting $1.93 per share.

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