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The Gap’s October Comps Rise 4%; Q3 Guidance Above View (GPS)

Apparel retailer The Gap Inc. ( GPS ) on Thursday posted an uptick in October same-store sales and offered a bullish third quarter outlook.

The San Francisco-based company posted a 4% gain in October comparable sales, with overall net sales rising 7 from last year.

Looking ahead, GPS forecast third quarter earnings ro range from 61 to 63 cents per share, up from just 38 cents per share in the same quarter a year ago. On average, Wall Street analysts are looking for 54 cents per share for the third quarter.

The Gap shares fell 46 cents, or -1.3%, in morning trading Thursday.

The Gap Inc. ( GPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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