By  on February 4, 2010

Despite a 5.5 percent gain in third-quarter profits, shares of Polo Ralph Lauren Corp. Wednesday fell 8.4 percent as investors gauged the impact of planned investments in Asia on fourth-quarter earnings.

Tracey Travis, the company’s chief financial officer, said on a conference call that Polo’s expansion plans for Asia could take a bite out of fourth-quarter earnings of 8 cents to 10 cents a diluted share. The firm took back direct control of its operations in key Asian markets on Jan. 1.

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