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.
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
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.