NEW YORK (TheStreet) --Under Armour  (UA) - Get Report reported its second-quarter earnings Tuesday morning which met analyst expectations, but fell below second quarter numbers posted last year. The company posted earnings per share of 4 cents, exceeding expectations of 1 cent, and revenue of $1 billion meeting expectations by analysts at Thomson Reuters. 

CNBC's Sara Eisen discussed the high and low points in the report on this mornings "Squawk Alley."

"On the plus side where do you get 28% revenue growth in retail and apparel right now? Under Armour posted that. Growth in footwear even better at 58%, and international growth even more than that," Eisen explained, citing that the [NBA star] Steph Curry sneaker line has helped the company tremendously.

Aside from those positives, Eisen highlighted areas within the report that investors may find worrisome.

"Earnings were hit by the bankruptcy of Sports Authority, margins also disappointed as the company continues to spend a lot in order to expand, especially internationally, and the growing concern that "Athleisure" may be a fad," she noted.

Additionally, Under Armour has announced a deal with Kohls (KSS) to sell its apparel  there, and are moving into the old FAO Scwartz building in New York City, which Eisen called "an iconic retail space."

Despite the company's continued growth, there are "cost concerns which has led it to become a very heavily shorted stock," Eisen said. 

Shares of Under Armour are lower 3.72% to $41.96 Tuesday Afternoon. 

(Under Armour is held in the Growth Seeker portfolio. See all of the holdings with afree trial)

Separately, TheStreet Ratings rates Under Armour as a "Hold" with a ratings score of "C." The primary factors that have impacted TheStreet Rating rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, TheStreet Rating also findS weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

You can view the full analysis from the report here: UA

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