Ralph Lauren Corp. Announces 41% Gain In Q1 Bottom Line

(RTTNews) - Ralph Lauren Corp. (RL) reported a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $90 million, or $1.06 per share. This was higher than $64 million, or $0.73 per share, in last year's first quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.3% to $1.55 billion. This was down from $1.62 billion last year.

Ralph Lauren Corp. earnings at a glance:

-Earnings (Q1): $90 Mln. vs. $64 Mln. last year. -Earnings Growth (Y-o-Y): 40.6% -EPS (Q1): $1.06 vs. $0.73 last year. -EPS Growth (Y-o-Y): 45.2% -Analysts Estimate: $0.89 -Revenue (Q1): $1.55 Bln vs. $1.62 Bln last year. -Revenue Change (Y-o-Y): -4.3%