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
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. ■