Ralph Lauren Corp. Earnings Fall 39% In Q3

(RTTNews) - Ralph Lauren Corp. (RL) revealed a profit for third quarter that retreated from last year.

The company said its earnings totaled $131 million, or $1.54 per share. This was down from $215 million, or $2.41 per share, in last year's third quarter.

Analysts had expected the company to earn $2.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.9% to $1.95 billion. This was down from $2.03 billion last year.

Ralph Lauren Corp. earnings at a glance:

-Earnings (Q3): $131 Mln. vs. $215 Mln. last year. -Earnings Decline (Y-o-Y): -39.1% -EPS (Q3): $1.54 vs. $2.41 last year. -EPS Decline (Y-o-Y): -36.1% -Analysts Estimate: $2.13 -Revenue (Q3): $1.95 Bln vs. $2.03 Bln last year. -Revenue Change (Y-o-Y): -3.9%