Ralph Lauren Corp. (RL) reported fourth quarter net income of $0.99 per share Tuesday morning, up from $0.74 per share in the previous year. The consensus estimate was for EPS of $0.83. Revenues grew 13.7 percent to $1.62 billion from $1.43 billion last year.
The company expects first quarter consolidated revenues to increase by a low single-digit percentage. For fiscal 2013, the company currently anticipates consolidated revenues to increase by a mid-single-digit percentage.
Ralph Lauren gapped open sharply higher Tuesday, but pulled back in early trade, before settling into a range. The stock closed up by 3.97 at $150.27 on the highest volume in 3 1/2 months.
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