Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas.
Brandon Bell | Getty Images
Under Armour on Friday reported fiscal fourth-quarter profits and sales ahead of analysts’ estimates, fueled by year-over-year growth in North America.
Its shares whipsawed in premarket trading, recently falling less than 1% after rising 7%.
Here’s how the company did in the three-month period ended Dec. 31 compared with what analysts were anticipating, based on Refinitiv estimates:
- Earnings per share: 14 cents adjusted vs. 7 cents expected
- Revenue: $1.53 billion vs. $1.47 billion expected
Under Armour reported net income of $109.7 million, or 23 cents a share, compared with $184.5 million, or 40 cents a share, a year earlier. Excluding one-time items, it earned 14 cents a share, beating analysts’ estimates for 7 cents.
Revenue grew to $1.53 billion from $1.4 billion a year earlier. That topped analysts’ expectations for $1.47 billion.
Net revenue in North America rose 15%, while international sales were up 3%.
Read the full earnings press release from Under Armour here.
This story is developing. Please check back for updates.
Source: https://www.cnbc.com/2022/02/11/under-armour-uaa-q4-2021-earnings-.html