Under Armour reports 4Q loss

Under Armour Inc. (UAA) on Tuesday reported a fourth-quarter loss of $87.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Baltimore-based company said it had a loss of 20 cents. Earnings, adjusted for restructuring costs and pretax expenses, came to less than 1 cent on a per-share basis.

The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The sports apparel company posted revenue of $1.37 billion in the period, topping Street forecasts. Fifteen analysts surveyed by Zacks expected $1.31 billion.

For the year, the company reported a loss of $48.3 million, or 11 cents per share, swinging to a loss in the period. Revenue was reported as $4.98 billion.

Under Armour expects full-year earnings in the range of 14 cents to 19 cents per share.

Under Armour shares have declined slightly more than 1 percent since the beginning of the year. The stock has decreased 34 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on UAA at https://www.zacks.com/ap/UAA