Investing.com - Gap reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Gap announced earnings per share of $-0.44 on revenue of $3.48B. Analysts polled by Investing.com anticipated EPS of $-0.1318 on revenue of $3.44B.
Gap shares are down 36% from the beginning of the year and are trading at $9.49 , down-from-52-week-high.They are under-performing the S&P 500 which is down 14.86% from the start of the year.
Gap shares lost 14.73% in after-hours trade the report.
Gap follows other major Consumer Discretionary sector earnings this month
Gap's report follows an earnings beat by Panasonic Corp PK on May 11, who reported EPS of $0.1997 on revenue of $15.34B, compared to forecasts EPS of $0.1559 on revenue of $15.34B.
Amazon.com had missed expectations on April 28 with first quarter EPS of $-7.56 on revenue of $116.44B, compared to forecast for EPS of $8.35 on revenue of $116.45B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar