- Associated Press - Tuesday, November 6, 2018

NEW YORK (AP) - Ralph Lauren Corp. (RL) on Tuesday reported fiscal second-quarter profit of $170.3 million.

On a per-share basis, the New York-based company said it had net income of $2.07. Earnings, adjusted for non-recurring costs, came to $2.26 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.

The upscale clothing company posted revenue of $1.69 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.66 billion.

Ralph Lauren shares have climbed 32 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 2 percent. The stock has increased 51 percent in the last 12 months.


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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