Ralph Lauren Corp. Earnings Drop 20% In Q3

(RTTNews) - Ralph Lauren Corp. (RL) announced a profit for third quarter that retreated compared to the same period last year.

The company said its earnings totaled $155 million, or $1.86 per share. This was lower than $193 million, or $2.27 per share, in last year's third quarter.

Analysts had expected the company to earn $1.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.0% to $1.71 billion. This was down from $1.90 billion last year.

Ralph Lauren Corp. earnings at a glance:

-Earnings (Q3): $155 Mln. vs. $193 Mln. last year. -Earnings Decline (Y-o-Y): -19.7% -EPS (Q3): $1.86 vs. $2.27 last year. -EPS Decline (Y-o-Y): -18.1% -Analysts Estimate: $1.64 -Revenue (Q3): $1.71 Bln vs. $1.90 Bln last year. -Revenue Change (Y-o-Y): -10.0%