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Gap Inc. shares jumped over 7% after beating earnings and revenue forecasts, boosting its 2025 outlook.
Gap Inc. shares rose over 7% on Friday after reporting third-quarter earnings and revenue that exceeded expectations, with adjusted earnings of 62 cents per share and $3.94 billion in revenue, up 3% year-over-year.
The company raised its full-year 2025 sales outlook above Wall Street estimates, citing stronger same-store sales, improved e-commerce performance, and better operational execution.
Despite a year-over-year decline in net income, investor confidence grew due to revenue growth, higher adjusted EBITDA, and strategic initiatives like a Google Cloud partnership.
The stock reached a high of $25.12 amid increased trading volume.
Las acciones de Gap Inc. saltaron más del 7% después de superar las previsiones de ganancias e ingresos, impulsando sus perspectivas para 2025.