Thursday, November 17, 2011

Gap (NYSE:GAP) Bested Estimates For Q3 (potential upside of 5.2%)


Uploaded by on Nov 17, 2011
Gap (NYSE:GAP) reported Q3 EPS of $0.38, better than analyst estimates of $0.36 per share. Revenues for the quarter were $3.65 billion, better than consensus estimates of $3.61 billion.

Glenn Murphy, chairman and chief executive officer of Gap Inc. said, "Across our brands, we're intensely focused on improving our current sales trend, including making necessary product and marketing adjustments, with a view toward building momentum as we head into 2012. We're ready to compete aggressively this holiday."

Gap Inc (NYSE:GPS) has potential upside of 5.2% based on a current price of $19.23 and an average consensus analyst price target of $20.23.

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