Connect with us

archive

Under Armour Flexes Muscle to Lift Earnings and Sales

Under Armour, Inc. (NYSE: UA) finished 2013 well above analystsâ?? estimate with its latest quarterly results that blew past profit and sales expectations to send its stock price racing ahead Thursday nearly $20 a share to more than $100.

Under Armour Flexes Muscle to Lift Earnings and Sales (Baltimore Sun)

Under Armour, Inc. (NYSE: UA) finished 2013 well above analystsâ?? estimate with its latest quarterly results that blew past profit and sales expectations to send its stock price racing ahead Thursday nearly $20 a share to more than $100. The stock has jumped close to 3.5 percent so far Friday to hit $108.35, based on upwardly revised guidance yesterday from the companyâ??s management that is continuing to be well received by investors. The share price of the Baltimore-based apparel and footwear brand rose $19.54 Thursday to mark a 23% percent spike and close at $104.76. Under Armour’s profit jumped 28 percent in the fourth quarter, with strong sales driven by the growing popularity of the brand’s cold-weather sports apparel and big strides in its women’s apparel business. The company reported net income of $64 million for the three months ended Dec. 31, up from $50 million a year earlier. Earnings per share hit 59 cents, up from 47 cents, and beat analysts’ expectations of 53 cents. Sales far surpassed expectations as well, climbing 35 percent to $683 million, compared with sales of $506 million in 4Q 2012. Analysts anticipated about $620 million in revenue. Even analysts who expected a strong finish to the year were impressed by such a big jump in sales, especially during the highly competitive holiday season when other apparel sellers struggled and discounted prices.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

Advertisement
Advertisement

TRENDING NOW:

Dunkin Donuts Refuses to Get Woke: ‘We Are Not Starbucks’

CULTURE

Does ‘Impeach Trump’ Amash Have Financial Interests in China?

FOREIGN AFFAIRS

Woke Mafia Panics as Game of Thrones Slays Queen SJW

CULTURE

China, the EU, and Globalism – Not Brexit – Killed British Steel

FOREIGN AFFAIRS

archive

Under Armour Flexes Muscle to Lift Earnings and Sales

Under Armour Flexes Muscle to Lift Earnings and Sales (Baltimore Sun)

Under Armour, Inc. (NYSE: UA) finished 2013 well above analysts’ estimate with its latest quarterly results that blew past profit and sales expectations to send its stock price racing ahead Thursday nearly $20 a share to more than $100. The stock has jumped close to 3.5 percent so far Friday to hit $108.35, based on upwardly revised guidance yesterday from the company’s management that is continuing to be well received by investors. The share price of the Baltimore-based apparel and footwear brand rose $19.54 Thursday to mark a 23% percent spike and close at $104.76. Under Armour’s profit jumped 28 percent in the fourth quarter, with strong sales driven by the growing popularity of the brand’s cold-weather sports apparel and big strides in its women’s apparel business. The company reported net income of $64 million for the three months ended Dec. 31, up from $50 million a year earlier. Earnings per share hit 59 cents, up from 47 cents, and beat analysts’ expectations of 53 cents. Sales far surpassed expectations as well, climbing 35 percent to $683 million, compared with sales of $506 million in 4Q 2012. Analysts anticipated about $620 million in revenue. Even analysts who expected a strong finish to the year were impressed by such a big jump in sales, especially during the highly competitive holiday season when other apparel sellers struggled and discounted prices.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Dunkin Donuts Refuses to Get Woke: ‘We Are Not Starbucks’

CULTURE

Does ‘Impeach Trump’ Amash Have Financial Interests in China?

FOREIGN AFFAIRS

Woke Mafia Panics as Game of Thrones Slays Queen SJW

CULTURE

China, the EU, and Globalism – Not Brexit – Killed British Steel

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter