Ralph Lauren Earnings Misses Estimates; Adjusts Full Year Revenue Forecast (RL)

By
A A A
Share |

On Friday fashion retail giant Ralph Lauren Corp ( RL ) reported mixed earnings, as profit missed estimates but revenue beat expectations.

The New York based compared reported second quarter net income of $213.7 million, or $2.29 per share, down 8.5% from $233.5 million, or $2.46 per share, a year earlier. Excluding on time items, RL reported $2.45 earnings per share, above Wall Street analysts estimate of $2.15 earnings per share.

Revenue for Ralph Lauren fell 2.2% to $1.86 billion in the quarter, exceeding analysts estimates of $1.84 billion.


Looking forward the company lowered its forecast, now expecting revenue to rise between 2% and 3% for the fiscal year ending in March, compared with its previous forecast of mid single digit growth.

Ralph Lauren shares were up $3.46, or +2.18%, in premarket trading on Friday.

Ralph Lauren Corp ( RL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: RL

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

75%

Most Active by Volume

89,070,840
  • $17.26 ▲ 3.23%
78,931,485
  • $7.02 ▲ 4.46%
77,555,734
  • $6.70 ▲ 6.69%
77,025,346
  • $24.66 ▲ 0.69%
74,713,335
  • $101.80 ▲ 1.82%
72,324,726
  • $7.64 ▲ 0.79%
57,112,188
  • $17.84 ▲ 55.27%
53,321,397
  • $18.01 ▼ 4.46%
As of 12/17/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com