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Gap Inc. Q2 Earnings Retreat 34.0%

Below are the earnings highlights for Gap Inc. (GPS):

-Earnings: $219 Mln in Q2 vs. $332 Mln in the same period last year.

-Earnings Decline: -34.0%

-EPS: $0.52 in Q2 vs. $0.75 in the same period last year.

-EPS Decline: -30.7%

-Revenue: $3.90 Bln in Q2 vs. $3.98 Bln in the same period last year.

-Guidance:

Full year EPS guidance: $2.75 - $2.80

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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