By  on February 5, 2019

Shares of Ralph Lauren Inc. shot up more than 9.1 percent to $125 in early trading Tuesday after the company’s fiscal third-quarter sales and profits came in stronger than expected.

The company’s net profits tallied $120 million, or $1.48 a diluted share, reversing year-ago losses of $81.8 million, or $1. Adjusted earnings hit $2.32 a share, well ahead of the $2.14 Wall Street projected.

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