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Gap (GPS) Stock Lower Ahead of Q2 Earnings

NEW YORK (TheStreet) -- Shares of Gap (GPS) were down in early afternoon trading on Tuesday as the San Francisco-based clothing and accessories retailer is expected to post second quarter results after Thursday's market close.

Wall Street is looking for earnings of 59 cents per share on revenue of $3.79 billion.

In 2015, Gap reported earnings of 64 cents per share and $3.9 billion in revenue.

The company recently noted that it plans to close 50 stores in 2016. It closed 17 company-operated stores in the 2016 first quarter.

Its July sales were down 4%...