By  on July 31, 2018

Shares of Ralph Lauren Corp. rose 4.2 percent in early-morning trading Tuesday after the company posted first-quarter results that beat Wall Street’s estimates for both earnings per share and revenues.

For the quarter ended June 30, net income rose 83.2 percent to $109 million, or $1.31 a diluted share, from $59.5 million, or 72 cents, a year ago. On an adjusted basis, EPS was $1.54 a diluted share, excluding restructuring-related and other charges, versus adjusted EPS of $1.11 in the year-ago quarter. Net revenues rose 3.2 percent to $1.39 billion from $1.35 billion.

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