Source Pravda.Ru

Polo Ralph Lauren gains profit and shares increase

Polo Ralph Lauren (NYSE: RL), American fashion designer Ralph Lauren's luxury lifestyle company, announced the largest increase of stock in almost two years.

Its shares jumped $6.96, or 11 percent, to $68.71 at 11:04 a.m. in New York Stock Exchange composite trading.

This sudden surge resulted from profit increase, boosted sales of its new American Living line for J.C. Penney Co. and soared activity in Europe.

The company’s net income gained 41 percent jumping to $103.5 million, or $1 a share. The fourth-quarter profit totaled $73.2 million, or 68 cents, excelled analysts' average projection by 35 cents.

Polo’s revenue experiences 20 percent increase to $1.24 billion.

American Living line and Chaps line boosted the company’s sales by a quarter.

Photo: blog.bidz.com

Comments
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Russians lose faith in their future, get ready for worse
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Without INF Treaty, USA can destroy Russian nuclear weapons easily
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
Putin sees no drama if Russia misses Davos forum
Macron challenges Trump. French independence and croissants at stake
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Moving inexorably towards war
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin sees no drama if Russia misses Davos forum
How can Americans and Russians understand each other?
How can Americans and Russians understand each other?
How can Americans and Russians understand each other?
Brexit: The UK's misunderstanding of Democracy
Russian FM Lavrov warns of possible war between Russia and USA