BALTIMORE (AP) — BALTIMORE (AP) — Under Armour Inc. (UAA) on Thursday reported a loss of $18.8 million in its fiscal second quarter.
The Baltimore-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The results surpassed 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 $1.33 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.31 billion.
Under Armour expects full-year earnings in the range of 3 cents to 5 cents per share.
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