Under Armour reported adjusted earnings of 24 cents per share on revenue of $1.4 billion, exceeding estimates. The company also raised its full-year outlook "given the continued momentum."
While largely positive, trading in Under Armour was volatile in the extent of the gains.
As of 12 p.m. ET, the stock was over 6% higher to $22.48.
Jim Cramer discussed Under Armour earnings and what the subsequent stock action says about August trading in the video above.
TheStreet Live Recap: Everything Jim Cramer Is Watching 8/3/21