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Under Armour’s Q1 profit matches Street projections
//August 3, 2022
Under Armour Inc. on Wednesday reported fiscal first-quarter profit of $7.7 million.
The Baltimore-based athletic apparel company said it had profit of 2 cents per share and earnings, adjusted for non-recurring costs, came to 3 cents per share.
The results matched Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.
The sports apparel company posted revenue of $1.35 billion in the period, which beat Street forecasts. Eleven analysts surveyed by Zacks expected $1.34 billion.
Under Armour expects full-year earnings in the range of 47 cents to 53 cents per share.
