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Ralph Lauren's quarterly profit falls 9.3 percent


    (Reuters) - Ralph Lauren Corp reported a 9.3 percent drop in quarterly profit, hurt by a stronger dollar and lower-than-expected sales, sending its shares down 9.7 percent in premarket trading.

    The luxury fashion house said net income fell to $215 million, or $2.41 per share, in the third quarter ended Dec. 27, from $237 million, or $2.57 per share, a year earlier.

    Net revenue rose 0.9 percent to $2.03 billion.

    (Reporting by Shailaja Sharma in Bengaluru; Editing by Simon Jennings)