In showing off its chatbot technology last week, Microsoft's AI analyzed earnings reports and produced some incorrect numbers for Gap and Lululemon.
Gap's reported gross margin was 37.4%. But after excluding charges related to Yeezy, the adjusted gross margin was 38.7%.Adjusted diluted earnings per share was $0.71 adjusted, instead of $0.42, a number that's not in the report. The figure Gap reported included an adjusted income tax benefit of about $0.33.and said in the third-quarter report that "net sales could be down mid-single digits year-over-year in the fourth quarter.
" That would imply a decline in revenue for the full year as opposed to "growth in the low double digits." There is no forecast for operating margin or EPS."We're aware of this report and have analyzed its findings in our efforts to improve this experience," a Microsoft spokesperson told CNBC.
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