Ralph Lauren Corp. Q3 Profit Increases, beats estimates

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

The company's earnings totaled $217.7 million, or $2.93 per share. This compares with $119.8 million, or $1.61 per share, in last year's third quarter.

Excluding items, Ralph Lauren Corp. reported adjusted earnings of $218 million or $2.94 per share for the period.

Analysts on average had expected the company to earn $2.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.3% to $1.82 billion from $1.43 billion last year.

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

-Earnings (Q3): $217.7 Mln. vs. $119.8 Mln. last year. -EPS (Q3): $2.93 vs. $1.61 last year. -Analyst Estimate: $2.17 -Revenue (Q3): $1.82 Bln vs. $1.43 Bln last year.