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Investors Cheer Under Armour's Q3 Results

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Investors Cheer Under Armour's Q3 Results
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Under Armour, Inc. (NYSE: UA) delivered higher than expected earnings and revenue for the third quarter. The company reiterated its revenue and operating income forecast for the year 2016.

  • Reports EPS of $0.29, beats by $0.04.
  • Net revenues increased 22 percent to $1.47 billion, topped by $0.02 billion.
  • Direct-to-Consumer net revenues advanced 29 percent on a year-over-year basis.
  • Continues to expect net revenues of about $4.925 billion for the year 2016. Street expects $4.94 billion.
  • Maintains operating income guidance of $440-$445 million.

The company's full press release http://investor.underarmour.com/releasedetail.cfm?ReleaseID=995196

The stock traded at $38.25, up about 1 percent, for a while after the report hit. however, shares are now down about 14 percent.

Posted-In: Earnings News Guidance Movers

 

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