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Under Armour (UA) Q3 Earnings & Revenue Beat Estimates
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Under Armour, Inc. (UA - Free Report) reported third-quarter 2016 earnings of 29 cent a share that beat the Zacks Consensus Estimate of 25 cents, and surged 26% from 23 cents delivered in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been stable over the last 30 days. Under Armour’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 26%.
Revenues: Aided by continued strong performance of the Apparel, Footwear and Accessories categories and Connected Fitness, total net revenue came in at $1,471.6 million, up 22.2% year over year and came ahead of the Zacks Consensus Estimate of $1,453 million.
Guidance: Under Armour maintained its 2016 guidance. The company expects net revenues for 2016 to be nearly $4.925 billion. This represents an increase of 24% over the 2015 level. Operating income is expected to be in the range of $440 million to $445 million, signifying growth of 8% to 9% over 2015.
Check back later for our full write up on Under Armour’s earnings report!
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Under Armour (UA) Q3 Earnings & Revenue Beat Estimates
Under Armour, Inc. (UA - Free Report) reported third-quarter 2016 earnings of 29 cent a share that beat the Zacks Consensus Estimate of 25 cents, and surged 26% from 23 cents delivered in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been stable over the last 30 days. Under Armour’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 26%.
Revenues: Aided by continued strong performance of the Apparel, Footwear and Accessories categories and Connected Fitness, total net revenue came in at $1,471.6 million, up 22.2% year over year and came ahead of the Zacks Consensus Estimate of $1,453 million.
Guidance: Under Armour maintained its 2016 guidance. The company expects net revenues for 2016 to be nearly $4.925 billion. This represents an increase of 24% over the 2015 level. Operating income is expected to be in the range of $440 million to $445 million, signifying growth of 8% to 9% over 2015.
Zacks Rank: Currently, Under Armour carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Under Armour’s earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>