Gap Inc. (GPS) on Thursday reported fiscal second-quarter net income of $332 million.
On a per-share basis, the San Francisco-based company said it had profit of 75 cents. Earnings, adjusted for non-recurring gains, came to 70 cents per share.
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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The clothing chain posted revenue of $3.98 billion in the period, which matched Street forecasts.
Gap shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 8 percent. At the close of trading on Thursday, shares were trading at $43.18, a climb of 1 percent in the last 12 months.
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full GPS report: http://www.zacks.com/ap/GPS