NEW YORK (AP) — NEW YORK (AP) — Ralph Lauren Corp. (RL) on Thursday reported fiscal second-quarter profit of $147.9 million.
On a per-share basis, the New York-based company said it had profit of $2.31. Earnings, adjusted for non-recurring costs, were $2.54 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The upscale clothing company posted revenue of $1.73 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.67 billion.
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