Under Armour: 4Q Earnings Snapshot

BALTIMORE (AP) _ Under Armour Inc. (UAA) on Wednesday reported fourth-quarter net income of $184.5 million, after reporting a loss in the same period a year earlier.

The Baltimore-based company said it had profit of 40 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The sports apparel company posted revenue of $1.4 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $1.27 billion.

For the year, the company reported a loss of $549.2 million, or $1.21 per share, swinging to a loss in the period. Revenue was reported as $4.47 billion.

Under Armour expects full-year earnings in the range of 12 cents to 14 cents per share.

Under Armour shares have increased 21% since the beginning of the year. The stock has increased slightly more than 1% in the last 12 months.

_____

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

Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.

Comments

Sign up for breaking news alerts