Polo Ralph Lauren
met analysts' expectations for the latest second quarter.
Before charges, the clothing designer and retailer, which is based in New York, reported second-quarter earnings of $48.8 million, or 50 cents a share, meeting the 15-analyst
First Call/Thomson Financial
consensus estimate. In the year-ago period, the company earned $55.3 million, or 56 cents a share.
Revenue rose 8% to $586.2 million from $543.9 million.
Polo Ralph Lauren expects to earn 50 cents to 52 cents a share for the third quarter and 42 cents to 44 cents a share for the fourth quarter. Analysts expect the company to earn 50 cents in the third quarter and 42 cents in the fourth quarter, according to First Call.