Shares of Ralph Lauren are taking a hit after the company posted results which missed Wall Street forecasts. For the third quarter, the upscale clothing company posted a profit of $2.41 a share, that was $0.09 short of expectations. Revenue came in at $2.03 billion, which fell $60 million short of Street forecasts. Analysts expected $2.09 billion. Ralph Lauren shares have fallen around 8% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has risen about 11% in the last 12 months.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
