Specialty retailer Gap (GPS) reported quarterly earnings and revenue that beat Wall Street's expectations on Thursday but its full-year guidance missed analysts' estimates.
After the earnings announcement, the retailer's shares fell in trading after the closing bell. (Click here to get the latest quotes for Gap.)
The company posted second-quarter earnings excluding items of 49 cents per share, up from 35 cents a share in the year-earlier period.
Revenue rose 6 percent to $3.58 billion from $3.39 billion a year ago.
Analysts had expected the company to report earnings excluding items of 48 cents a share on $3.53 billion in revenue, according to a consensus estimate from Thomson Reuters.
The company also raised its full-year guidance range to $1.95 to $2, below analysts' consensus estimate of $2.08 a share.
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