May 14, 2019 / 12:10 PM / 5 months ago

Ralph Lauren quarterly revenue beats on Asia demand

May 14 (Reuters) - Ralph Lauren Corp beat analysts’ estimates for fourth-quarter revenue on Tuesday, boosted by the luxury apparel maker’s marketing blitz and by higher demand in Asia.

Net income fell to $31.6 million, or 39 cents per share, in the fourth quarter ended March 30, from $41.3 million, or 50 cents per share, a year earlier.

Net revenue fell 1.5% to $1.51 billion, beating estimates of $1.48 billion, according to IBES data from Refinitiv. (Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

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