FAP, May 26 / PRNewswire-FirstCall-Asianet /-- Gap's first-quarter adjusted earnings per share were $.01, while analysts expected $0.16; first-quarter net sales were $3.28 billion, while analysts expected $3.28 billion. Same-store sales overall fell 3% in the first quarter.

FAP, May 26 / PRNewswire-FirstCall-Asianet /-- Gap's first-quarter adjusted earnings per share were $0.16; first-quarter net sales were $3.28 billion; analysts expected $3.28 billion; first-quarter same-store sales fell 3%, analysts expected a drop of 3.04%; first-quarter gross profit margin was 37.1%, analysts expected 34.6% Net sales are expected to fall by between 5% and 10% in the second quarter.