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Under Armour: Fiscal Q4 Earnings Snapshot
By Ap News - May 16, 2024, 07:54 AM ET
Last Updated - May 27, 2024, 12:56 AM EDT
BALTIMORE (AP) — BALTIMORE (AP) — Under Armour Inc. (UAA) on Thursday reported fiscal fourth-quarter earnings of $6.6 million.
The Baltimore-based company said it had net income of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.
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The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The sports apparel company posted revenue of $1.33 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $1.32 billion.
For the year, the company reported profit of $232 million, or 52 cents per share. Revenue was reported as $5.7 billion.
Under Armour expects full-year earnings in the range of 18 cents to 21 cents per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a UAA">Zacks stock report on UAA at https://www.zacks.com/ap/UAA
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