Under Armour shares rise as retailer reports unexpected profit for holiday quarter

Products are displayed in an Under Armour retailer in New York City, November 4, 2019.

Brendan McDermid | Reuters

Under Armour on Wednesday reported a shock profit for the holiday quarter as gross sales have been boosted by robust development at its on-line enterprise.

Its shares jumped greater than 3% in premarket buying and selling.

Here’s how the corporate did for the fourth quarter in contrast with what analysts have been anticipating, primarily based on a survey by Refinitiv:

  • Earnings per share: 12 cents, adjusted, vs. a lack of 7 cents, anticipated
  • Revenue: $1.Four billion vs. $1.27 billion, anticipated

Under Armour shares are up about 2% over the previous 12 months, as of Tuesday’s market shut. The firm has a market cap of $9.42 billion.

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Find the total press launch from Under Armour right here.

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