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(Reuters) - Gap Inc raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8 percent after hours. For the full year, Gap estimated earnings of $1.78 to $1.83 a share, above the $1.75 to $1.80 it forecast in February. "It's important to remain measured in our outlook given that our biggest selling seasons are still ahead of us," said Chief Financial Officer Sabrina Simmons. Given the first quarter beat, "the current forecast does appear to be conservative," said Betty Chen, an analyst with Wedbush Securities. ...
Toshiba shares surged almost six percent Thursday after saying it had stopped making televisions in Japan where a strong yen has hurt exports as slow demand and falling prices also ate into earnings.