Gap inc. reports q3 adjusted earnings per share of $0.53

. reports third quarter results.q3 adjusted earnings per share $0.53.q3 earnings per share $0.37.q3 earnings per share estimate $0.51 -- refinitiv ibes data.sees fy 2019 adjusted earnings per share $1.70 to $1.75.sees fy 2019 earnings per share $1.38 to $1.47.q3 revenue $4.0 billion versus refinitiv ibes estimate of $3.96 billion.gap - "we are not pleased with q3 results and are focused on aggressively addressing operational issues that are hindering performance of our brands".qtrly comparable sales for old navy global was negative 4% versus positive 4% last year.qtrly comparable sales for banana republic global was negative 3% versus positive 2% last year.company's q3 fiscal year 2019 comparable sales were down 4% versus flat last year.company now expects comparable sales for fiscal year 2019 to be down mid-single digits.company now expects net sales growth for fiscal year 2019 to be down low-single digits.company now expects capital spending to be approximately $835 million for fiscal year 2019.qtrly comparable sales for gap global of negative 7% versus negative 7% last year.company now expects to close about 15 company-operated stores, net of openings and repositions in fiscal year 2019.ended q3 of fiscal year 2019 with $2.72 billion in merchandise inventory, up about 2% year over year.company continues to expect store openings in 2019 to be focused on old navy, athleta and gap china locations.
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