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NEW YORK, United States — Ralph Lauren Corp. on Wednesday reported fiscal second-quarter earnings of $201 million.
On a per-share basis, the New York-based company said it had profit of $2.25.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The upscale clothing company posted revenue of $1.99 billion in the period, which missed Street forecasts. Analysts expected $2.02 billion, according to Zacks.
Ralph Lauren shares have dropped 11 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 8 percent. The stock has decreased 4.5 percent in the last 12 months.
