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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Gap Inc. (GAP) on Thursday reported fiscal first-quarter net income of $193 million.

On a per-share basis, the San Francisco-based company said it had profit of 51 cents.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The clothing chain posted revenue of $3.46 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.42 billion.

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