NEW YORK (AP) — NEW YORK (AP) — Ralph Lauren Corp. (RL) on Thursday reported fiscal third-quarter profit of $216.5 million.
The New York-based company said it had profit of $3.20 per share. Earnings, adjusted for non-recurring costs, came to $3.35 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.
The upscale clothing company posted revenue of $1.83 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.75 billion.
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