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
Google announced a batch of renewable energy deals totaling 1.6 GW through 18 acquisitions spread across three continents. The deals are intended to "spur the construction of more than $2 billion in new energy infrastructure," the company said. Google said the deals will increase its worldwide portfolio... Beyond Meat's main competitor Impossible Foods will launch its grocery store in California on Friday. Beyond Meat Inc. (BYND), the meatless burger and sausage maker, announced the appointment of Sanjay Shah as Chief Operating Officer. Shah will assume the responsibility for Beyond Meat's global operations and production, effective September 18.
Follow RTT
>