Pursuits
Polo Ralph Lauren Falls After Profit Misses Estimates
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Polo Ralph Lauren Corp., the retailer of its namesake brand clothing, fell the most in more than two and a half years after it reported a 36 percent decline in quarterly profit, missing analysts’ estimates.
Net income in the fourth quarter ended April 2 fell to $73.2 million, or 74 cents a share, the New York retailer said in a statement today. Analysts in a Bloomberg survey had estimated 79 cents a share on average.