Polo Ralph Lauren (RL): FQ4 EPS of $0.99 beats by $0.14. Revenue of $1.62B (+14% Y/Y) in-line.
Shares of Ralph Lauren (RL) move Shares +5.2% premarket.in premarket trading after the company beats the earnings estimates of analysts with its FQ4 report and doubles its quarterly cash dividend to $0.40 a share. Analysts are already using the report as a possible indication that luxury names have been beaten down too much on Europe sales concerns with Ralph Lauren overcoming its exposure to the continent. As for that share movement, the speculative buzz says the company may have lowballed its guidance intentionally to tee up a beat down the road.Shares +5.2% premarket.
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