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Ralph Lauren: Fiscal 1Q Earnings Snapshot

July 31, 2018

NEW YORK (AP) _ Ralph Lauren Corp. (RL) on Tuesday reported fiscal first-quarter earnings of $109 million.

On a per-share basis, the New York-based company said it had net income of $1.31. Earnings, adjusted for restructuring costs, were $1.54 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The upscale clothing company posted revenue of $1.39 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.36 billion.

Ralph Lauren shares have risen 31 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 5 percent. The stock has climbed 81 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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