Ralph Lauren: Fiscal Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ralph Lauren Corp. (RL) on Thursday reported fiscal third-quarter profit of $361.6 million.
The New York-based company said it had net income of $5.82 per share. Earnings, adjusted for non-recurring costs, were $6.22 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.80 per share.
The upscale clothing company posted revenue of $2.41 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RL at https://www.zacks.com/ap/RL