Under Armor stocks rise as retailers report unexpected gains for the holiday quarter
The products will be on display in an Under Armor store in New York City on November 4, 2019.
Brendan McDermid | Reuters
Under Armor reported a surprise profit for the holiday quarter on Wednesday as sales grew on strong online business growth.
Its shares rose more than 3% in premarket trading.
Here’s how the company performed in the fourth quarter compared to analyst expectations, based on a survey by Refinitiv:
- Earnings per share: 12 cents, adjusted, compared to a loss of 7 cents, expected
- Revenue: $ 1.4 billion versus $ 1.27 billion expected
Under Armor stocks were up about 2% over the past 12 months at Tuesday’s close. The company has a market capitalization of $ 9.42 billion.
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The full Under Armor press release can be found here.