Gap’s 2Q profits drop 19 percent (AP)
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30.
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30.
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30. That compares with $234 million, or 36 cents per share, a year ago.
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30. That compares with $234 million, or 36 cents per share, a year ago.
Investor’s Business Daily – Gap’s second-quarter earnings fell from year-earlier levels but still beat Wall Street expectations, helped by higher sales.
AP – Deep discounting and escalating production costs pushed Gap Inc.’s second-quarter profit down 19 percent, raising concern about how it will fare for the critical fall and holiday shopping seasons.
AP – Gap Inc. is reporting a 19 percent drop in second-quarter profit as it was forced to slash prices to get shoppers to buy its clothes.
AP – Gap Inc. is reporting a 19 percent drop in second-quarter profit as it was forced to slash prices to get shoppers to buy its clothes.
AP – Scandinavian airline group SAS AB posted its best earnings since 2008 during the second quarter of the year on the back of more passengers and lower costs.
AP – THE TROUBLES: Economic growth slowed across Europe last quarter, and the leaders of France and Germany tried to calm concerns about the region’s debt troubles by pushing for long-term political solutions.
AP – Wal-Mart Stores Inc. says its second-quarter profit rose 5.7 percent, fueled by strong international sales and expense cutting