Ralph Lauren Corp. Q4 Profit Increases, Beats Estimates

(RTTNews) - Ralph Lauren Corp. (RL) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $90.7 million, or $1.38 per share. This compares with $32.3 million, or $0.48 per share, in last year's fourth quarter.

Excluding items, Ralph Lauren Corp. reported adjusted earnings of $111.8 million or $1.71 per share for the period.

Analysts on average had expected the company to earn $1.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.9% to $1.57 billion from $1.54 billion last year.

Ralph Lauren Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $90.7 Mln. vs. $32.3 Mln. last year. -EPS (Q4): $1.38 vs. $0.48 last year. -Revenue (Q4): $1.57 Bln vs. $1.54 Bln last year.