BALTIMORE (AP) — BALTIMORE (AP) — Under Armour Inc. (UAA) on Thursday reported a loss of $18.8 million in its fiscal second quarter.
The Baltimore-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The sports apparel company posted revenue of $1.33 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.31 billion.
Under Armour expects full-year earnings in the range of 3 cents to 5 cents per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAA at https://www.zacks.com/ap/UAA
/Qualcomm%2C%20Inc_%20logo%20on%20phone-by%20viewimage%20via%20Shutterstock.jpg)
/Advanced%20Micro%20Devices%20Inc_%20logo%20on%20phone%20and%20website-by%20T_Schneider%20via%20Shutterstock.jpg)
