CORRECTION: Ralph Lauren Q3 Adj EPS $4.17 Beats $3.54 Estimate, Sales $1.93B Beat $1.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren (NYSE:RL) exceeded Q3 earnings and sales expectations, with an EPS of $4.17 surpassing the $3.54 estimate and sales of $1.93B beating the $1.87B forecast.
February 08, 2024 | 4:26 pm
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Ralph Lauren reported a significant beat on both earnings and sales for Q3, with EPS at $4.17 and sales of $1.93B.
Beating both earnings and sales estimates significantly, especially by 17.8% for EPS, indicates strong company performance and operational efficiency. This outperformance is likely to positively influence investor sentiment and could lead to a short-term uptick in RL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100