Sportswear Company Under Armour Q3: Earnings Beat, 6% Sales Decline, Upbeat Outlook & More
1. UA reported third-quarter sales of $1.401 billion, outperforming estimates. 2. Adjusted EPS rose to 8 cents, above the expected 4 cents. 3. Gross margin improved by 240 basis points to 47.5% despite lower revenues. 4. FY25 adjusted EPS outlook increased to $0.28-$0.30 from $0.24-$0.27. 5. UA shares surged by 9.10% to $8.99 in premarket trading.