Under Armour Inc. (UA) posted higher second-quarter net income of $7 million, compared with $6 million last year. Net income growth trailed net revenues growth, primarily due to a planned shift of marketing expenses into the second quarter. Quarterly earnings per share for the quarter remained unchanged at $0.06. On average, 26 analysts polled by Thomson Reuters expected earnings per share of $0.05 for the quarter. Analysts' estimates typically exclude one-time items.
Net revenues increased 27% in the second quarter of 2012 to $369 million from $291 million in the prior-year's period. Analysts estimated revenues of $358.50 million for the quarter.
Based on current visibility, the company now sees 2012 net revenues in the range of $1.80 billion - $1.82 billion, representing growth of 22% to 24% over 2011, and 2012 operating income in the range of $205 million - $207 million. Previously, Under Armour had anticipated 2012 net revenues in the range of $1.78 billion - $1.80 billion, representing growth of 21% to 22% over 2011, and 2012 operating income in the range of $203 million - $205 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.