Under Armour beats expectations, raises 2016 outlook to $5 billion

Under Armour’s net revenue increased 30 percent to $1.05 billion in the first quarter, the company announced Thursday. It reported a diluted earnings per share of $0.04, compared to $0.03 the prior year, that figure includes Under Armour’s Class C stock dividend as of April 7. The company also announced it is increasing its 2016 outlook ...

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