Under Armour Tops Estimates in Sign That Overhaul Is Paying Off

May 02 2019, 11:33 AMMay 02 2019, 11:59 AMMay 02 2019, 11:33 AMMay 02 2019, 11:59 AM

(Bloomberg) -- Under Armour Inc. delivered first-quarter earnings that topped analysts’ estimates, another indication that its three-year transformation is getting the athletic brand back on track.

Earnings amounted to 5 cents a share, Under Armour said on Thursday, compared with estimates of break-even. Sales were $1.2 billion, just a slight gain from a year earlier, but above the projected $1.18 billion. Shares jumped in premarket trading.

Key Insights

Market Reaction

Under Armour shares rose as much as 5.7 percent in premarket trading. The stock has risen 25 percent this calendar year.

Get More

See more details.
Read the statement.
See Wall Street estimates.

©2019 Bloomberg L.P.