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
Target Corp. has introduced Everspring, a new household essentials brand comprised of more than 70 household essentials items that includes bio-based or recycled materials or natural fibers. The new, in-house brand has been designed by Target with sustainability in mind and is part of its efforts to make products that include ingredients derived from plants or renewable materials more accessible. While reporting financial results for the first quarter, American Express Co. (AXP) on Thursday affirmed its earnings and revenue growth guidance for the full-year 2019. For fiscal 2019, the company continues to project earnings in the range of $7.64 to $8.14 per share and adjusted earnings in the... While reporting financial results for the first quarter, Honeywell international Inc. (HON) on Thursday raised its earnings and sales outlook for the full-year 2019. For fiscal 2019, the company raised its earnings outlook to a range of $7.90 to $8.15 per share from the previous guidance range of...