
Will Under Armour (UA) Stock Gain on Earnings Beat?
NEW YORK (TheStreet) -- Under Armour (UA) - Get Report stock is falling 3.18% to $96 in pre-market trading on Thursday, after the company reported earnings and revenue that beat estimates.
The sports apparel company reported earnings of 45 cents per share for the quarter ended September 30, surpassing expectations of 44 cents per share.
Revenue increased 28% year-over-year to $1.2 billion, beating estimates of $1.17 billion for the latest quarter.
Apparel revenue increased 22.8% to $865.51 million, while footwear revenue jumped 61.4% to $196.28 million driven by new marketing campaigns.
"Our scoreboard in the third quarter not only marked our 22nd straight quarter of at least 20% net revenue growth, but also our first $1 billion quarter," CEO Keven Plank said in a statement. "Our ongoing success in 2015 has been driven by innovative, head-to-toe product, combined with game-changing performances by our athletes."
Under Armour also boosted its 2015 revenue guidance to $3.91 billion from $3.84 billion.
Separately, TheStreet Ratings team rates UNDER ARMOUR INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate UNDER ARMOUR INC (UA) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: UA
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