Under Armour Q3 Results Beat View, Lifts Full Year Revenue, Op. Profit Forecast

(RTTNews) - Under Armour Inc. (UA), a marketer of branded performance apparel, footwear, Thursday said third-quarter net income increased to $89 million from $73 million in the prior year's period. Earnings per share grew to $0.41 from $0.34.

On average, 31 analysts polled by Thomson Reuters expected earnings of $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased 30 percent to $938 million from $723 million in the prior year's period. Analysts expected revenues of $925.83 million.

The company had previously anticipated 2014 net revenues in the range of $2.98 billion to $3.0 billion, and operating income in the range of $343 million to $345 million.

Based on current visibility, the company now expects net revenues of about $3.03 billion, and operating income of $348 million.

The stock, which closed at $66.05 on Wednesday, fell 4 percent in pre-market activity.