Tuesday, October 30, 2018

Under Armour shares rise after profit, sales beat in 3Q

Under Armour Inc. shares rose nearly 10 percent in pre-market trading Tuesday after the sportswear maker beat quarterly profit and sales estimates, and raised its earnings outlook for the remainder of the year, indicating that its turnaround effort is working. Baltimore-based Under Armour reported a third-quarter profit of $75.3 million, or 17 cents per share. That’s up 39 percent from $54.2 million, or 12 cents per share, in the prior-year quarter. Adjusted for changes in the federal tax law and…



from https://www.bizjournals.com/baltimore/news/2018/10/30/under-armour-shares-rise-after-profit-sales-beat.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/179586216482

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