: Ralph Lauren’s earnings beat estimates but company is cautious on wholesale channel for the rest o

Ralph Lauren Corp.’s stock RL rose about 5% before surrendering those gains to trade down slightly early Wednesday, after the luxury apparel company posted a profit and revenue beat for its fiscal second quarter. The company had net income of $146.9 million, or $2.19 a share, for the quarter to Sept. 30, after income of $150.5 million, or $2.18 a share, in the year-earlier period. Revenue rose to $1.633 billion from $1.579 billion. The FactSet consensus was for EPS of $1.93 and revenue of...