BALTIMORE — Under Armour Inc. today reported third-quarter profit of $38.9 million.
On a per-share basis, the company said it had net income of 9 cents. Earnings, adjusted for restructuring costs and amortization costs, were 26 cents per share.
The results topped Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The sports apparel company posted revenue of $1.43 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $1.17 billion.
Under Armour expects full-year results to range from a loss of 49 cents per share to a loss of 47 cents per share.
Under Armour shares have fallen 36% since the beginning of the year. The stock has declined 34% in the past 12 months.