Polo Ralph Lauren (RL) reported third quarter net income of $1.78 per share Wednesday morning, up from $1.72 per share in the prior year. The consensus estimate was for EPS of $1.67.
Polo Ralph Lauren gapped open dramatically higher Wednesday, but traded in a range for the majority of the day. The stock closed higher by 14.42 at $171.49 on the highest volume in nearly 6 months. Shares broke out past resistance and set a new high for the year.
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