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Ralph Lauren Corp.
RL + 2.07%
Net earnings for the second quarter of fiscal year were $ 170.3 million, or $ 2.07 per share, up from $ 143.8 million or $ 1.75 per share in the year. Last year. Excluding restructuring and other charges, EPS was $ 2.26. Sales totaled $ 1.69 billion, compared to $ 1.66 billion. The FactSet consensus provided for EPS of $ 2.16 and revenue of $ 1.65 billion. Sales in North America increased 1% and sales in Asia jumped 13% for the quarter. However, European sales fell 1% for the quarter. Shares of Ralph Lauren fell 6.4% on Tuesday in pre-sale trading, but have risen 32% since the beginning of the year. The S & P 500 index
SPX, + 0.56%
is up 2.4% for 2018 so far.
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