Ralph Lauren (RL) shares are down more than 6% pre-market, putting them on track for a two-year low in regular trading, after the high-end fashion and luxury goods company posted better-than-expected Q4 earnings, but warned of margin pressure in 2015.
The shares recently traded at $142.00. That’s below their regular session 52-week low of $146.00 and would be the lowest since June 2012 in regular trading.
Net income in the three months ending March 29 was $153 million, or $1.68 per diluted share, compared to net income of $127 million, or $1.37 per diluted share, a year ago and above estimates for $1.63, according to Capital IQ.
Q4 revenues rose 14% to $1.9 billion, helped by double-digit growth in the Americas, Europe and Asia. That beats estimates for $1.8 billion.
Ralph Lauren said it sees full-year 2015 revenues increasing by 6%-8%, but expects its operating margin to be about 75-125 basis points below 2014 because of investment in the company’s infrastructure.
Latest posts by Kevin Calderon (see all)
- Researchers Found Live Giant Shipworm That Feeds On Sulfur? - Apr 19, 2017
- Hawaiian Telescope Led To The Discovery Of A Primordial Galaxy - Apr 14, 2017
- Neuralink Is Elon Musk’s Way Of Developing New AI Systems - Apr 8, 2017