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NEW YORK (AP) — NEW YORK (AP) — Ralph Lauren Corp. (RL) on Thursday reported fiscal fourth-quarter net income of $129 million.
The New York-based company said it had net income of $2.03 per share. Earnings, adjusted for non-recurring costs, were $2.27 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The upscale clothing company posted revenue of $1.7 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.63 billion.
For the year, the company reported profit of $742.9 million, or $11.61 per share. Revenue was reported as $7.08 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RL at https://www.zacks.com/ap/RL