UA Stock Price – Under Armour Inc. Cl C Stock Quote (U.S.: NYSE)

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Under Armour shares rise after revenue beat estimates

Under Armour Inc. shares rose 5.4% after the athletic gear company reported second-quarter revenue that beat estimates. Under Armour reported a net loss of $95.5 million, or 21 cents per share, after a loss of $12.3 million, or 3 cents per share, for the same period last year. The adjusted loss was 8 cents per share. Revenue totaled $1.17 billion, up from $1.09 billion last year. The FactSet consensus was for a loss of 8 cents and revenue of $1.15 billion. Revenue in North America rose 2% for the period, while EMEA revenue rose 31%, revenue was up 34% in Asia-Pacific, and up 7% in Latin America. Under Armour now expects to incur $190 million to $210 million in pre-tax restructuring and related charges in 2018, up from previous expectations for charges of $110 million to $130 million. The company now expects revenue to increase 3% to 4%, reflecting a low- to mid-single-digit decline in North America and 25% growth internationally. Under Armour shares are up 46.1% for the year to date while the S&P 500 index has gained 6.5% for the period.





Source : MTV