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News Summary: Gap’s 4Q profit tops expectations

By Washington Examiner
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NEW YORK (AP) — A STELLAR QUARTER: Gap Inc.’s earnings jumped 61 percent to $351 million, or 73 cents per share, in the quarter ended Feb. 2, from $218 million, or 44 cents per share, a year earlier.

Revenue rose 10 percent to $4.73 billion in the period. The results topped the 71 cents per share on revenue of $4.69 billion that analysts had expected.

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