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Under Armour's (UA) Q3 Earnings Top Estimates, Shares Up

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Under Armour Inc.UA , a leading designer, marketer, and distributor of authentic athletic footwear, apparel, and accessories for a wide variety of sports and fitness activities, released third-quarter 2015 results, wherein earnings of 45 cents a share came a penny ahead of the Zacks Consensus Estimate, and jumped 9.8% from the year-ago quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2015 has remained unchanged over the last 30 days. Under Armour's performance in the trailing four quarters (including the quarter under review) gives a positive picture, with an average surprise of 11.2%.

Revenues: Aided by continued strong performance of the Apparel, Footwear and Accessories categories, total revenue came in at $1,204.1 million, up 28.4% year over year and ahead of the Zacks Consensus Estimate of $1,173 million. On constant currency basis, revenues grew 31%.

Guidance: Given better visibility, Under Armour has raised its 2015 revenue and operating income forecasts. The company now projects net revenue of $3.91 billion, as against $3.84 billion projected earlier, reflecting a 27% growth from 2014. Operating income is expected to be $408 million, representing a 15% growth year over year. Earlier operating income was expected to be in the band of $405-$408 million.

Zacks Rank: Currently, Under Armour carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

Stock Movement: Under Armour's shares are up nearly 2.3% during pre-market trading hours following the earnings release.

Check back later for our full write up on Under Armour's earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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