Core Viewpoint - Under Armour, Inc. (UAA) shares increased by 15.57 percent to $7.28 following the release of third-quarter financial results, despite reporting lower revenue and a wider loss year over year [1]. Financial Performance - The company reported third-quarter net revenue of $1.33 billion, a decrease from $1.40 billion in the same quarter last year [3]. - Under Armour experienced an operating loss of $149.8 million, contrasting with an operating income of $13.5 million in the previous year [3]. - The net loss widened to $430.8 million, equating to $1.01 per share [3]. Stock Performance - The stock was trading at $7.28, up from a previous close of $6.30, with an intraday range between $6.42 and $7.29 [2]. - Trading volume reached approximately 12.32 million shares, slightly above the average daily volume of around 11.67 million shares [2]. - The stock is currently near the upper end of its 52-week range, which is between $4.13 and $7.60 [4].
Under Armour Shares Jump 15% After Q3 Results