Why Ralph Lauren Shares Jumped Today
Ralph Lauren (NYSE: RL) stock has jumped today, up by 10% as of 12:45 p.m. EDT, after the clothing specialist reported better-than-expected fiscal first-quarter earnings.
The company posted revenue of $1.35 billion, down from $1.55 billion a year ago but slightly ahead of analyst expectations. Adjusted earnings per share came in at $1.11, easily beating the $0.96 per share in adjusted profit that the Street was modeling for.
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Source: Fool.com