BUZZ-Ralph Lauren jumps on upbeat quarterly results

Ralph Lauren Corporation Class A

Ralph Lauren Corporation Class A

RL

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** 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