SAN FRANCISCO (AP) _ Gap Inc. (GPS) on Thursday reported fiscal second-quarter net income of $258 million, after reporting a loss in the same period a year earlier.

The San Francisco-based company said it had profit of 67 cents per share. Earnings, adjusted for non-recurring costs, came to 70 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The clothing chain posted revenue of $4.21 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $4.17 billion.

Gap expects full-year earnings in the range of $2.10 to $2.25 per share.

Gap shares have risen 30% since the beginning of the year, while the S&P's 500 index has climbed 19%. In the final minutes of trading on Thursday, shares hit $26.32, an increase of 55% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPS at https://www.zacks.com/ap/GPS

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