Under Armour Q1 Profit Rises; Lifts 2014 Revenue Outlook - Quick Facts

(RTTNews) - Under Armour Inc. (UA) reported that its first-quarter net income increased to $13.54 million or $0.06 per share, from $7.81 million or $0.04 per share, previous year. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $0.04 for the quarter. Analysts' estimates typically exclude special items. Net revenues increased to $641.61 million from $471.61 million. Analysts expected revenue of $598.81 million for the quarter. The company now expects its 2014 net revenues in the range of $2.88 billion to $2.91 billion, representing growth of 24% to 25% over 2013. Operating income is expected to be in the range of $331 million to $334 million, representing growth of 25% to 26% over 2013. Analysts expect the company to report 2014 revenue of $2.89 billion.