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Ralph Lauren tops 2Q net income expectations, misses revenue forecasts

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NEW YORK — Ralph Lauren Corp. (RL) 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.

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This story was generated by Automated Insights using data from Zacks Investment Research. RL stock research report from Zacks.

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Keywords:Ralph Lauren,Earnings Report

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