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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