Under Armour's revenue beats the Street
Thearon W. Henderson/Getty
- Under Armour revenue topped Wall Street estimates.
- The athletic-apparel maker posted a fourth-quarter loss of $87.9 million because of a one-time charge due to the new tax law.
(Reuters) - Under Armour Inc on Tuesday reported quarterly revenue that beat analysts' estimates, as it sold more footwear and apparel through its own stores and online.
The company reported fourth-quarter loss of $87.9 million, or 20 cents per Class C share, in the quarter ended Dec. 31, compared with a profit of $103.2 million, or 23 cents per share, a year earlier, as it incurred a one-time charge due to changes in the U.S. tax code.
Net revenue rose to $1.37 billion from $1.31 billion, beating analysts' estimate of $1.31 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- Sustainable Waste Disposal
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market