Ralph Lauren Profit Tops Estimates; But Sales And Guidance Trail ViewsMani
Ralph Lauren Corp (NYSE:RL) said Thursday its fiscal fourth quarter profit rose 35 percent while its revenue missed Street expectations and the retailer offered a weak guidance for the year and current quarter.
The apparel maker announced that its fiscal fourth quarter profit rose to $127.2 million, or $1.37 a share, from $94.4 million, or 99 cents, a year earlier. However it could barely enhance its revenue in the quarter . . .
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