Why Ralph Lauren Stock Fell on Friday

John Rosevear, The Motley Fool
Why Ralph Lauren Stock Fell on Friday

Shares of Ralph Lauren (NYSE: RL) closed lower on Friday, after the company reported a quarterly loss that was wider than Wall Street had expected and suspended its guidance for the upcoming fiscal year. Ralph Lauren's shares ended Friday's session at $75.51, down 5.6% from Thursday's closing price. Ralph Lauren reported earnings for its fiscal fourth quarter after the market closed on Thursday, and they weren't quite what Wall Street had expected.