(Reuters) – Gap Inc raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8 percent after hours. For the full year, Gap estimated earnings of $1.78 to $1.83 a share, above the $1.75 to $1.80 it forecast in February. “It’s important to remain measured in our outlook given that our biggest selling seasons are still ahead of us,” said Chief Financial Officer Sabrina Simmons. Given the first quarter beat, “the current forecast does appear to be conservative,” said Betty Chen, an analyst with Wedbush Securities. …
Read the full story »Gap raises profit outlook, shares rise
(Reuters) – Gap Inc raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8 percent after hours. For the full year, Gap estimated earnings of $1.78 to $1.83 a share, above the $1.75 to $1.80 it forecast in February. “It’s important to remain measured in our outlook given that our biggest selling seasons are still ahead of us,” said Chief Financial Officer Sabrina Simmons. Given the first quarter beat, “the current forecast does appear to be conservative,” said Betty Chen, an analyst with Wedbush Securities. …
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Gap raises profit outlook, shares rise
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The photo to your left is, like, TOTALLY SEXIST, y’all. Oh, what, you couldn’t tell? The author of the Tumblr Is This Feminist? , however, knows with a certainty which stock photos of women eating salad or jogging are “problematic” and which “represent feminism” (spoiler: they’re all problematic). It’s time to pull the wool off your eyes and see Getty Images for the vast conspiracy it is. Wake up, sisters! ( Is This Feminist? ) Photo: Via Is This Feminist? Read More
