NEW YORK (AP) - Ralph Lauren Corp. (RL) on Thursday reported fiscal second-quarter net income of $182.1 million.
On a per-share basis, the New York-based company said it had net income of $2.34. Earnings, adjusted for non-recurring costs, were $2.55 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.
The upscale clothing company posted revenue of $1.71 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.69 billion.
Ralph Lauren shares have dropped slightly more than 2% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 23%. The stock has declined 21% 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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