The Gap, Inc. (NYSE:GPS) posted better-than-expected results for its first quarter on Thursday. Gap reported quarterly sales of $3.39 billion which beat the analyst consensus estimate of $3.29 billion by 2.98 percent. The company reported quarterly earnings of 41 cents per share which beat the analyst consensus estimate of 14 cents, according to data from Benzinga Pro. Comparable sales were up 3% year-over-year. Store sales were up 3%, while online sales jumped 5%. Merchandise margin increased 340 basis points compared to the prior year. "Gap Inc. delivered a strong quarter that exceeded expectations across key metrics. We gained market share for the ...