Investing.com - GAP ADR reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GAP ADR announced earnings per share of Mex$1.73 on revenue of Mex$255.85M. Analysts polled by Investing.com anticipated EPS of Mex$1.63 on revenue of Mex$278.68M.
GAP ADR shares are up 4% from the beginning of the year, still down 2.07% from its 52 week high of Mex$155.68 set on February 18. They are outperforming the Euro Stoxx 50 which is down 6.01% from the start of the year.
GAP ADR follows other major Industrials sector earnings this month
GAP ADR's report follows an earnings beat by United Parcel Service on February 1, who reported EPS of Mex$3.59 on revenue of Mex$27.85B, compared to forecasts EPS of Mex$3.1 on revenue of Mex$27.06B.
Raytheon Technologies had beat expectations on January 25 with fourth quarter EPS of Mex$1.08 on revenue of Mex$17.04B, compared to forecast for EPS of Mex$1.02 on revenue of Mex$17.29B.
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