Core Insights - Under Armour's shares increased by 5% following the release of its third-quarter sales and adjusted profit, which exceeded estimates [1][5] - The company reported third-quarter revenue of $1.40 billion, a 6% decline year-over-year, but above the Visible Alpha estimate of $1.34 billion [1] - Net income for the quarter was $1.2 million, falling short of the consensus estimate of $2.1 million [1] Financial Performance - Under Armour's adjusted profit was $0.08 per share, which was double the expectations after accounting for restructuring costs [2] - The company has revised its fiscal 2025 outlook, now expecting a per-share loss of $0.48 to $0.50, narrowed from a previous range of $0.48 to $0.51 [3] - Adjusted EPS is projected to be between $0.28 and $0.30, an increase from the prior estimate of $0.24 to $0.27 [3] - Revenue is anticipated to decline by about 10% year-over-year, an improvement from the earlier expectation of a low-double-digit percentage drop [3] Analyst Expectations - Prior to the earnings report, analysts had forecasted a full-year loss of $0.29 per share, adjusted EPS of $0.29, and a revenue decline of 10.6% [4]
Under Armour Stock Surges as Sales, Adjusted Profit Top Estimates