Ralph Lauren Corp. (RL) 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 and is now up 14.09 at $179.00 on above average volume. The stock has broken out of nearly a 1-month range and has set a 9-month high.
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