Earnings call transcript: Gap rises on q2 profit beat, lifts full-year outlook

Gap Inc. reported mixed second-quarter results on Thursday, with adjusted earnings of $0.52 a share topping Wall Street’s $0.49 forecast while revenue of $3.7 billion matched expectations. Sales fell 2% from a year earlier, but the company raised its full-year outlook for earnings, operating margin and gross margin. Investors responded positively after the close, sending the stock up 14.48% to $23.80 in after-hours trading from a regular-session close of $20.79.

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