Financial Results in Focus: Under Armour (NYSE: UAA)

On Monday, Shares of Under Armour (NYSE: UAA) declined -2.90% to $21.12. The stock recorded $20.98 as its minimum price and hit the max level of $21.75, during its most recent trading session. It traded total volume of 2,141,866 shares lower than the average volume of 5.10M shares.

Under Armour Inc. (UAA) stated third-quarter net income of $75.30M. On a per-share basis, the Baltimore-based company said it had profit of 17 cents. Earnings, adjusted for restructuring costs and pretax expenses, were 25 cents per share. The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The sports apparel company posted revenue of $1.440B in the period, also surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $1.410B.

UAA has the market capitalization of $9.40B and its EPS growth ratio for the past five years was -15.30%. The return on assets ratio of the Company was -3.30% while its return on investment ratio stands at 1.00%. Price to sales ratio was 1.82 while 95.30% of the stock was owned by institutional investors.

Grover Beam

Grover Beam has over 14 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of her time analyzing earnings reports and watching commodities and derivatives. He has a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.