Shares of Ralph Lauren (RL) were higher Thursday after reporting better-than-expected second quarter results. Earnings of $1.90 a share surpassed analysts' estimates of $1.71 a share. Revenue of $1.8 billion also beat forecasts. For the current quarter, the company expects revenues to be down low-double digits to down low-teens. Ralph Lauren is also anticipating a $400 million restructuring-related charge, which should lead to cost savings of at least $180 million.
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