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Article Date: January 2016
Word Count: 824

Reports Of Under Armour’s Demise Greatly Exaggerated


Following a research note earlier this month that it was losing market share, especially in women’s, and seeing declining ASPs, Under Armour beat expectations again with a 20% increase in net income to $105,603,000 against $87,709,000 as fourth quarter revenues jumped 31% to $1,170,686,000 from $895,201,000. The comments, which have put pressure on Under Dog’s stock in recent weeks, were buried by a surge in buying that pushed the stock up more than $15 on heavy trading as investors evidently started to believe that Under Dog’s growth engine remained intact. The trading wasn’t hurt by bullish comments from Dog that ... Log in to view full article.

 


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