(Telestock) – Gap’s accounts are released as a surprisethe US clothing chain listed on the NYSE, which was due to announce its quarterly results this evening at the close of the markets. A preview from Bloomberg, in response to a accidental publication of the results on the Group’s websitehas caused a suspension of the title at the start of the markets, but now Gap shares are up 2.5% on the New York Stock Exchange.
The clothing chain, according to the report which is now no longer available on the corporate website, reported in the second quarter a EPS of $0.5413 cents above the consensus of 0.41 dollars. I reclaimthe results are up 5% to 3.7 billion of dollars and are compared with Expectations of 3.63 billion of dollars.
Gap also said it expanded gross margin by 500 basis points year over year and reported operating margin of 7.9% for the quarter. Improved forecasts relating to the Gross margin of the financial yearexpected to grow by 200 points compared to 38.8% in the previous year, and tooperating profitindicated in a medium-high growth range of 50% from $606 million in the previous year.