Under Armour Surges on Earnings Beat, Raised Outlook
Under Armour (UAA) shares jumped 5% in premarket trading after the company reported better-than-expected sales and adjusted profits for its third fiscal 2025 quarter.
Key Metrics
* Revenue: $1.40 billion, down 6% YoY but above estimates of $1.34 billion
* Net Income: $1.2 million, below consensus of $2.1 million
* Adjusted EPS: $0.08, double expectations
Restructuring Impact
Under Armour incurred costs related to its restructuring plan, which impacted profitability. However, adjusted profits still exceeded estimates.
Outlook Raised
The company revised its guidance for fiscal 2025:
* Adjusted EPS: $0.28-$0.30, up from $0.24-$0.27
* Revenue: Decline of 10%, narrower than previous forecast
Entering the day, analysts had estimated a full-year loss of $0.29 per share, adjusted EPS of $0.29, and a 10.6% revenue decline.