News Summary

Shares of Polo Ralph Lauren Corp RL gained about 6.2% after the company reported year-over-year rise in its FQ2 results. The company's profit came in at $2.09 per share, up from $1.75 per share, in the year-ago period. The company's revenue, including licensing contribution, increased 11% y/y to $1.53 billion. However, analysts expected earnings at $1.67 per share on revenue of $1.49 billion. Crude oil moved up, while gold futures dropped after US reports depicted a higher-than-expected drop in the jobless claims in the latest week. However, the import prices moved up in October. Crude oil for December delivery gained 0.4% to $87.03 per barrel. Gold for delivery dropped 0.7% to $1,400.70 an ounce. Shares of Computer Sciences Corp CSC moved down after the company reported a y/y decline in its Q2 results. The company's net income came in at $1.18 per share, on $3.98 billion in revenue. However, the Wall Street analysts were expecting earnings at $1.18 per share, on revenue of $4 billion. CSC projects its earnings for 2011 at $5.35 to $5.45 per share, versus analysts' estimate of $5.35 per share. Read more from Benzinga's Markets.