logo
Plus   Neg
Share
Email

Under Armour Sharply Higher On Upbeat Q3 Results, Guidance

Shares of Under Armour, Inc. (UAA) continue to see substantial strength in afternoon trading on Tuesday after gapping open sharply higher. After reaching its best intraday level in four months, Under Armour is currently up by 25.5 percent.

The initial jump by Under Armour came after the athletic apparel maker reported better than expected third quarter results and raised its full-year guidance.

Under Armour reported third quarter adjusted earnings of $0.25 per share on revenues of $1.44 billion compared to analyst estimates for earnings of $0.12 per share on revenues of $1.41 billion.

Looking ahead, Under Armour now expects full-year adjusted earnings of $0.19 to $0.22 per share versus the previous expectation of $0.16 to $0.19 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT