NEW YORK (TheStreet) -- Shares ofaRalph Lauren Corp.a are declining by 0.28% to $160.47 in early market trading after the fashion apparel brand lowered its fiscal year 2015 revenue forecast to a range of 5% to 7% from its prior growth estimate of 6% to 8%, following its fiscal second quarter earnings report this morning. The company said the lowered guidance is a result of negative foreign currency movements. Ralph Lauren reported fiscal second quarter revenue ofa$1.994 billion, better than thea$1.92 billion from one year ago, but missing the consensus estimate of $2.02 billion. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The company posted earnings of $2.25 per diluted share for the quarter, higher than thea$2.06 per share analysts' expected. Retail sales grew 7% in the quarter from last year, while wholesale sales and licensing revenue both climbeda2% compared to theasame quarter a year ago.a Separately, TheStreet Ratings team rates RALPH LAUREN CORP as a Buy with a ratings score of B.a You can view the full analysis from the report here: RL Ratings Report RL data by YCharts Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on RL. Click to research the Consumer Non-Durables industry.
from Latest TSC Headlines http://ift.tt/1p1gtUp
No comments:
Post a Comment