Ralph Lauren Corp. Q1 Profit Increases, Beats Estimates

(RTTNews) - Ralph Lauren Corp. (RL) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $168.6 million, or $2.61 per share. This compares with $132.1 million, or $1.96 per share, in last year's first quarter.

Excluding items, Ralph Lauren Corp. reported adjusted earnings of $174.6 million or $2.70 per share for the period.

Analysts on average had expected the company to earn $2.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.1% to $1.512 billion from $1.496 billion last year.

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

-Earnings (Q1): $168.6 Mln. vs. $132.1 Mln. last year. -EPS (Q1): $2.61 vs. $1.96 last year. -Revenue (Q1): $1.512 Bln vs. $1.496 Bln last year.