BUZZ-Ralph Lauren jumps on upbeat quarterly results
Ralph Lauren Corporation Class A
Ralph Lauren Corporation Class A RL | 0.00 |
** Shares of Ralph Lauren RL.N up 10% at $362.57 premarket
** Co beats fourth-quarter estimates, helped by resilient demand for its high-priced Polo shirts and cotton cable-knit jumpers from affluent shoppers
** Posts Q4 revenue of $1.98 billion, beating estimates of $1.85 billion - data compiled by LSEG
** Logs Q4 adjusted EPS $2.80 vs estimates of $2.55
** Expects annual constant currency revenues to increase by about mid-single digits to last year, centered around 4% to 5%
** As of last close, stock up ~7% YTD
