Ralph Lauren Corp. Reports 14% Fall In Q2 Bottom Line

(RTTNews) - Ralph Lauren Corp. (RL) reported earnings for second quarter that dropped from last year.

The company said its profit declined to $158 million, or $1.90 per share. This was lower than $184 million, or $2.13 per share, in last year's second quarter.

Analysts had expected the company to earn $1.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.6% to $1.82 billion. This was down from $1.97 billion last year.

Ralph Lauren Corp. earnings at a glance:

-Earnings (Q2): $158 Mln. vs. $184 Mln. last year. -Earnings Decline (Y-o-Y): -14.1% -EPS (Q2): $1.90 vs. $2.13 last year. -EPS Decline (Y-o-Y): -10.8% -Analysts Estimate: $1.71 -Revenue (Q2): $1.82 Bln vs. $1.97 Bln last year. -Revenue Change (Y-o-Y): -7.6%