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Gap beats expectations

  Gap Inc has offered an upbeat profit outlook for its third quarter as the US clothing chain announced a solid October increase for a key sales yardstick that surpassed analysts’ expectations. Shares of the clothing seller surged in after-hours trading on Thursday after the results were reported. The San Francisco-based chain, which owns the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands, saw a four per cent increase in revenue at stores open a year. The resul