BALTIMORE (AP) — BALTIMORE (AP) — Under Armour Inc. (UAA) on Friday reported a loss of $2.6 million in its fiscal first quarter.
On a per-share basis, the Baltimore-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The sports apparel company posted revenue of $1.13 billion in the period, which matched Street forecasts.
Under Armour expects full-year earnings in the range of 1 cent to 2 cents per share.
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