AP NEWS
Click to copy
Click to copy
Related topics

Ralph Lauren: Fiscal 1Q Earnings Snapshot

July 30, 2019

NEW YORK (AP) _ Ralph Lauren Corp. (RL) on Tuesday reported fiscal first-quarter profit of $117.1 million.

On a per-share basis, the New York-based company said it had net income of $1.47. Earnings, adjusted for non-recurring costs, came to $1.77 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The upscale clothing company posted revenue of $1.43 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.41 billion.

Ralph Lauren shares have climbed almost 8% since the beginning of the year, while the Standard & Poor’s 500 index has increased 21%. The stock has decreased 18% in the last 12 months.

_____

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

All contents © copyright 2019 The Associated Press. All rights reserved.