Ralph Lauren’s shares soar 11% on Q3 results beat

Ralph Lauren Corporation’s (RL) stock soared over 11% in morning trade on Tuesday after the company surpassed revenue and earnings estimates for the third quarter of 2019. Net revenues grew 5.1% year-over-year to $1.72 billion, on a reported basis, helped by strong results across all regions. On a constant currency basis, revenue growth was 6.3%. … Continue reading Ralph Lauren’s shares soar 11% on Q3 results beat