Gap Inc. (GPS) has reported its second-quarter earnings showcasing a remarkable improvement from the same period last year, exceeding Wall Street’s expectations.The company posted a net income of $206 million, equating to $0.54 per share, compared to $117 million or $0.32 per share in the second quarter of the previous year.According to data from Thomson Reuters, analysts had projected earnings of $0.40 per share on average, excluding special items.Revenue for the quarter witnessed a 4.8% increase, reaching $3.720 billion, up from $3.548 billion in the same period last year.### Gap Inc. Earnings Snapshot (GAAP):- **Earnings (Q2):** $206 million vs. $117 million last year- **EPS (Q2):** $0.54 vs. $0.32 last year- **Revenue (Q2):** $3.720 billion vs. $3.548 billion last yearThe material has been provided by InstaForex Company – www.instaforex.com
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