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Gap (GAP) shares soar after raising full-year adjusted EPS and gross margin outlooks
The apparel retailer also announced Michael Francis as the newest CEO of Old Navy, which posted a worse-than-feared comparable sales decline in the quarter. Meanwhile, PayPal (PYPL) shares are declining after a consortium of Advent and Stripe decided to abandon its pursuit of PayPal, and Marvell Technology (MRVL) shares are lower following its second-quarter fiscal 2027 earnings report, despite edging past Wall Street expectations on both profit and revenue.
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