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Ralph Lauren: Fiscal 3Q Earnings Snapshot

February 5, 2019

NEW YORK (AP) — Ralph Lauren Corp. (RL) on Tuesday reported fiscal third-quarter net income of $120 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of $1.48 per share. Earnings, adjusted for non-recurring costs, were $2.32 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The upscale clothing company posted revenue of $1.73 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.67 billion.

Ralph Lauren shares have increased 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 9 percent. The stock has climbed slightly more than 4 percent in the last 12 months.

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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

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