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Ralph Lauren (RL) 'Taking Its Own Medicine' on Turn Around Plan, Bloomberg TV Reports

NEW YORK (TheStreet) -- Shares of Ralph Lauren (RL) were higher by 8.03% to $102.70 on Wednesday morning, after the apparel retailer posted better than expected fiscal 2017 first quarter earnings this morning.

Ralph Lauren reported adjusted earnings of $1.06 per share on revenue of $1.6 billion for the most recent quarter. Analysts were expecting earnings of 89 cents per share on revenue of $1.53 billion.

The company is working on a turnaround plan to return it to profit growth following two...


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