Polo Reports Profits

Polo Ralph Lauren Corp. yesterday posted a 49 percent jump in profit for its latest quarter as sales of women's clothing and children's wear helped results. The New York-based clothing company reported net income of $80.4 million, or 78 cents a share, for the second quarter ended Oct. 2, compared with $54 million, or 54 cents a share, a year ago.

The wholesale business had a particularly strong second quarter, as revenue soared 49 percent to $502.6 million. Operating income in that business more than tripled to $82 million, Murray said. Shares of Polo Ralph Lauren rose $1.40, or 3.7 percent, to close at $38.91 on the New York Stock Exchange.