Under Armour Tops Quarterly Expectations, Raises Outlook

By Jennifer BootonMarketWatch Pulse

Under Armour reported stronger-than-expected second-quarter earnings on Thursday, as new products and demand for training equipment boosted sales. The company reported adjusted net income of $14.8 million, or 7 cents a share, down compared with a year-earlier profit of $17.7 million, or 8 cents. However, earnings per share topped average analyst estimates by two cents, according to FactSet. Revenue for the sports apparel company climbed 29% year-over-year to $784 million, above the consensus estimate of $762 million, according to FactSet, and the company raised its fiscal 2015 revenue outlook to $3.84 billion from $3.78 billion previously. The full-year growth would represent a more than 25% year-over-year improvement and match current expectations on Wall Street. Shares of Under Armour were up 1.8% in premarket trade.

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