Ralph Lauren Shares Jump On Elegant Q4 Earnings
Ralph Lauren (RL) shares jumped 5.9% Wednesday to 174.63 after third-quarter earnings climbed 35% to $2.40 a share, beating targets on strong holiday sales, and it forecast sales will continue rising. The premium lifestyle clothing, accessories and perfume purveyor struggled in the back half of 2012, but the superior Q3 results and upbeat comments on future sales sent shares to the highest level since last May. Revenue rose 2.2% in Q3 to $1.846
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