NEW YORK (AP) — NEW YORK (AP) — Ralph Lauren Corp. (RL) on Thursday reported fiscal first-quarter net income of $262.2 million.
The New York-based company said it had profit of $4.28 per share. Earnings, adjusted for non-recurring costs, were $4.59 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share.
The upscale clothing company posted revenue of $1.96 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.88 billion.
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