— Ralph Lauren (NYSE: RL) reported third quarter 2020 adjusted EPS of $2.86 vs. $2.45 expected. GAAP EPS was $4.41 vs. $1.48 in the prior-year quarter.
— Revenue grew 1% to $1.75 billion vs. $1.72 billion expected.
— For fiscal 2020, Ralph Lauren expects revenue to grow 2-3% on a constant currency basis.
— For the fourth quarter of fiscal 2020, revenue is expected to be up slightly both on a constant currency and reported basis.
— North America revenue inched up to $911 million in Q3 2020 from $909 million a year ago.
— Europe revenue increased 3% year-over-year to $438 million.
— Asia revenue rose 5% to $290 million.
— RL stock was trading up about 7% during the pre-market session.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard