NEW YORK — Ralph Lauren Corp. (RL) on Wednesday reported fiscal second-quarter earnings of $201 million.
On a per-share basis, the New York-based company said it had profit of $2.25.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The upscale clothing company posted revenue of $1.99 billion in the period, which missed Street forecasts. Analysts expected $2.02 billion, according to Zacks.
Ralph Lauren shares have dropped 11 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 8 percent. The stock has decreased 4.5 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. RL stock research report from Zacks.
Keywords:Ralph Lauren,Earnings Report
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