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Polo Ralph Lauren 4Q Profit Falls On Charges

Stock quotes in this article: RL  

NEW YORK (AP) — Polo Ralph Lauren Corp. said Wednesday that its fiscal fourth-quarter profit dropped 57 percent, weighed down by restructuring and impairment charges and higher expenses. Still, adjusted results handily beat analysts' estimates.

The apparel maker also declined to give a fiscal 2010 earnings forecast, citing current economic conditions.

Polo Ralph Lauren earned $44.5 million, or 44 cents per share, for the period ended March 28. That compares with $103.5 million, or $1 per share, a year ago. ...

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