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2012.11.23
Gap Profit Rises 60% as Margins Improve

Gap Inc.'s fiscal third-quarter profit jumped 60% as the retailer posted growing same-store sales in North America and cosplay halloween stronger margins.

Shares rose 3.9% after hours to $34.60, as the company also raised its full-year earnings view, now seeing $2.20 to $2.25 from its August view of $1.95 to $2 a share.

Gross margin widened to 41.2% from 36.7% as input ...