By  on May 18, 2017
A Gap store in New York City.

Gap Inc., with strong performances by its Old Navy and Athleta divisions, posted a better-than-expected 12.6 percent increase in first-quarter net income to $143 million, from $127 million in the year-ago period.

Diluted earnings per share of 36 cents compared with diluted EPS of 32 cents in the first quarter of fiscal-year 2016.

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