Under Armour spikes after big revenue beat (UAA)
|02/13/2018||Posted by BusinessMediaguide.Com under General World News||
- Under Armour posted better-than-expected revenue on Monday and the stock is surging in pre-market trading.
- The company is undergoing a transformation as it seeks to reverse declining sales.
- You can track Under Armour shares in real-time here>>
Shares of Under Armour are up more than 12% ahead of Tuesday’s opening bell after the company posted better-than-expected fourth-quarter revenue.
The Baltimore-based athletic brand said it brought in $1.365 billion in revenue to close out 2017, 3.8% more than expected. However, it posted no profit on a per share basis, missing the $0.03 that Wall Street was anticipating.
The company also disclosed a read more >>>