UPDATE: Ralph Lauren Posts Upbeat FQ2 Profit, Lifts Dividend

Ralph Lauren (NYSE: RL ) reported a drop in its fiscal second quarter profit. Ralph Lauren's quarterly profit declined to $205 million, or $2.23 per share, versus a year-ago profit of $214 million, or $2.29 per share. Its total revenue climbed to $1.92 billion from $1.86 billion. However, analysts