Under Armour, Inc. (UAA Quick QuoteUAA - Free Report) , a leading designer, marketer, and distributor of athletic footwear, apparel, and accessories, released third-quarter 2017 results, wherein it posted earnings of 22 cents a share that plunged 24.1% year over year.

The company now expects its full year adjusted earnings in the band of 18-20 cents a share down from 37-40 cents projected earlier. The Zacks Consensus Estimate for 2017 is currently pegged higher at 37 cents.

Revenues: Under Armour generated net revenue of $1,405.6 million that decreased 4.5% year over year. On a currency-neutral basis, net revenue declined 4.9%. For 2017, the company anticipates net revenue to be up at a low single-digit percentage rate.

Zacks Rank: Currently, Under Armour carries a Zacks Rank #4 (Sell), 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.

Under Armour, Inc. Price and Consensus

 

Under Armour, Inc. Price and Consensus | Under Armour, Inc. Quote

Stock Movement: Following dismal third quarter sales performance and trimmed view, shares of Under Armour are down nearly 15% during pre-market trading hours.

Check back later for our full write up on Under Armour’s earnings report!

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