Ralph Lauren Corp. (RL: Quote) reported third quarter adjusted net income of $2.40 per share Wednesday morning, which topped the consensus estimate of $2.19. Net revenues grew to $1.85 billion from $1.81 billion in the same quarter last year, and matched the consensus estimate.
Ralph Lauren gapped open sharply higher Wednesday, but traded in a range throughout the session. The stock closed up by 9.72 at $174.63, with volume at an 8-month high. Ralph Lauren rose above nearly a 1-month range and set a 9-month high.
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by RTT Staff Writer
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