04:57 PM EDT, 05/30/2024 (MT Newswires) -- Gap (GPS) reported fiscal Q1 earnings late Thursday of $0.41 per diluted share, compared with a loss of $0.05 a year earlier.

Four analysts polled by Capital IQ expected $0.18.

Net sales in the quarter ended May 4 rose to $3.39 billion from $3.28 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.29 billion.

The company's shares jumped 21% in recent after-hours activity.

Price: 27.25, Change: +4.73, Percent Change: +21.00