Shares of Under Armour UA are down a massive 8.5 percent to $49.81 after beating analyst first quarter estimates and raises full year 2014 guidance.
The company reported earnings per share of $0.06 versus analyst estimates of $0.04. Revenue came in at $642 million, beating estimates of $598.77 million. Revenues increased 36 percent year over year from $472 in the previous year's period.
Product revenue breakdown:
Market News and Data brought to you by Benzinga APIs- Apparel -- increased 33 percent to $459 million.
- Footwear -- increased 41 percent to $114 million.
- Accessories -- increased 43 percent to $52 million.
- Direct-to-Consumer -- increased 33 percent to.
- International revenues -- increased 79 percent.
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