Investing.com - Gap reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Gap announced earnings per share of $0.71 on revenue of $4.04B. Analysts polled by Investing.com anticipated EPS of $0.00 on revenue of $3.81B.
Gap shares are down 27% from the beginning of the year and are trading at $13.72 , down-from-52-week-high.
Gap shares gained 7.86% in after-hours trade the report.
Gap follows other major Consumer Discretionary sector earnings this month
Gap's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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