Ralph Lauren Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - Ralph Lauren Corp. (RL) reported a profit for its first quarter that climbed from the same period last year.

The company's profit came in at $109.0 million, or $1.31 per share. This compares with $59.5 million, or $0.72 per share, in last year's first quarter.

Excluding items, Ralph Lauren Corp. reported adjusted earnings of $127.9 million or $1.54 per share for the period.

Analysts had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $1.39 billion from $1.35 billion last year.

Ralph Lauren Corp. earnings at a glance:

-Earnings (Q1): $127.9 Mln. vs. $91.1 Mln. last year. -EPS (Q1): $1.54 vs. $1.11 last year. -Analysts Estimate: $1.36 -Revenue (Q1): $1.39 Bln vs. $1.35 Bln last year.