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Gap Q2 earnings drop 3%

Staff Writer | August 18, 2017
Gap released a profit for second quarter that decreased compared to the same period last year.
Gap   Profit dropped to $231 million
The company said its profit dropped to $231 million, or $0.58 per share. This was lower than $238 million, or $0.60 per share, in last year's second quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.3% to $3.80 billion. This was down from $3.85 billion last year.