By
Reuters
Reuters
Published
Jul 28, 2009
Jul 28, 2009
Under Armour posts surprise second quarter profit
By
Reuters
Reuters
Published
Jul 28, 2009
Jul 28, 2009
NEW YORK, July 28 (Reuters) - Under Armour Inc (UA.N) reported a surprise quarterly profit on Tuesday 28 July, as double-digit sales growth in its apparel business offset a decline in footwear sales.
Under Armour football cleats - www.underarmour.com |
The sports clothing and footwear maker also forecast full-year results above Wall Street estimates.
Net income in its second quarter rose to $1.44 million, or 3 cents per share, from $1.38 million, or 3 cents per share, a year earlier.
Analysts, on average, expected a loss of 2 cents per share, according to Reuters Estimates.
Revenue rose to $164.6 million from $156.7 million.
The company expects 2009 earnings of 80 cents to 82 cents per share on revenue of $810 million. Analysts looked for earnings of 79 cents per share on revenue of $804.9 million.
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