BALTIMORE (AP) — BALTIMORE (AP) — Under Armour Inc. (UAA) on Friday reported a loss of $430.8 million in its fiscal third quarter.
The Baltimore-based company said it had a loss of $1.01 per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The sports apparel company posted revenue of $1.33 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.31 billion.
Under Armour expects full-year earnings in the range of 10 cents to 11 cents per share.
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