Gap Inc.'s (GPS) third-quarter earnings rose to $238 million, or 30 cents a share, from $189 million, or 23 cents a share, a year earlier, helped in part by lower marketing expenses and higher sales at its Banana Republic North America unit.
A Thomson Financial survey of analysts, on average, projected earnings of 29 cents a share for the quarter.
The retailer said sales increased slightly to $3.854 billion from $3.851 billion a year ago.
Gap boosted its fiscal year 2007 earnings view to 92 cents to 98 cents a share from its prior forecast of 83 cents to 88 cents share.
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