NEW YORK (TheStreet) --  Under Armour (UA) - Get Report stock is falling by 2.33% to $36.82 in after-hours trading on Tuesday, after the company revised its full-year outlook to reflect the bankruptcy court's decision to approve the liquidation of The Sports Authority's business.

Under Armour now expects to take an impairment charge of roughly $23 million related to the bankruptcy during the second quarter. Additionally, it earned just $43 million of the originally planned $163 million in revenues with The Sports Authority this year.

Under Armour consequently anticipates that full-year 2016 revenues will be $4.925 billion, lower than analysts' estimates for $5.02 billion. 

For the current quarter, the sportswear company expects revenue growth to be in the high-20% range, in line with previously issued guidance. 

But second-quarter operating income is now expected to range between $17 million and $19 million. 

"While The Sports Authority's bankruptcy impacts our 2016 outlook, our brand's momentum is stronger than ever as we continue to see growth and increased demand across all categories and geographies," CEO Kevin Plank said in a statement.

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

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.

Under Armour's strengths such as its robust revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and expanding profit margins outweigh the fact that the company has had lackluster performance in the stock itself.

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

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.

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