By and  on November 10, 2010

Shares of Polo Ralph Lauren Corp. hit a new 52-week high in intraday trading Wednesday, after the firm reported second-quarter profits that strongly outpaced analysts’ expectations despite the continuing cautiousness of consumers.

Shares of Polo closed at $108.28, up $7.36, or 7.3 percent, and had reached a new high for the past year of $109.28 in intraday trading.

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