Under Armour Rallies on Better-Than-Expected Results

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By Trey Thoelcke Published

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This morning, Under Armour (NYSE: UA) reported a better-than-expected profit as demand rose in its footwear category. The company also raised its full-year revenue forecast.

The apparel maker said its second-quarter earnings came to $7 million, or $0.06 per share, up from $6 million, or $0.06 cents per share, in the same period of last year. Revenues increased 27% to $369 million. Sales in the footwear category jumped 44%. Footwear contributes about 19% of total revenue.

Both the top line and bottom line numbers exceeded consensus estimates.

The company now expects 2012 net revenues in the range of $1.80 billion to $1.82 billion, up from the previous range of $1.78 billion to $1.80 billion.

Rival Nike (NYSE: NKE) fell short of earnings estimates in its most recent quarterly report, sending shares tumbling. The company cited high product costs and weak international demand for the disappointing results.

Under Armour is up more than 5% to $51.07 in premarket trading, in a 52-week range of $26.31 to $53.93. Nike has slipped about 0.3% to $92.60 in premarket trading. Its 52-week range is $76.98 to $114.81.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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