Ralph Lauren earnings for the company’s fiscal fourth quarter of 2019 have RL stock dropping on Tuesday.
Ralph Lauren (NYSE:RL) reported earnings per share of $1.07 for its fiscal fourth quarter of the year. This is up from its earnings per share of 90 cents from the same time last year. It also beats out Wall Street’s earnings per share estimate of 89 cents for the quarter, but couldn’t stop RL stock from falling today.
Net income reported in the Ralph Lauren earnings report for its fiscal fourth quarter of 2019 comes in at $31.60 million. That’s a drop from the company’s net income of $41.30 million reported in its fiscal fourth quarter of 2018.
The Ralph Lauren earnings report for its fiscal fourth quarter of the year also includes operating income of $27.90 million. This is better than the fashion company’s net income of $25.40 million reported in the same period of the year prior.
Ralph Lauren earnings for its fiscal fourth quarter of 2019 have revenue coming in at $1.51 billion. This is down from the company’s revenue of $1.53 billion reported in its fiscal fourth quarter of the previous year. It also comes in above analysts’ revenue estimate of $1.47 billion for the period, but couldn’t stop RL stock’s decline today.
It’s possible that North America revenue of $708.40 million is what has RL stock down on Tuesday. This is a major decline from the company’s North America revenue of $759.30 million reported in the same period of 2018.
RL stock was down 5% as of Tuesday morning.
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As of this writing, William White did not hold a position in any of the aforementioned securities.
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