By  on May 18, 2017
The Rhinelander Mansion houses Lauren's flagship.

Shares of Ralph Lauren Corp. rose 3.8 percent to $75.20 in pre-market trading after posting fourth quarter results that bested Wall Street's estimates.

Even though the company – which named a new chief executive officer, Patrice Louvet, on Wednesday –  saw a loss for the quarter and a revenue decline, it managed to beat Wall Street's adjusted EPS estimate by 11 cents and a revenue estimate by $10 million.

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