Under Armour (UA) Tops Q3 EPS by 1c; Boosts FY14 Revs Outlook

Under Armour (NYSE: UA) reported Q3 EPS of $0.41, $0.01 better than the analyst estimate of $0.40. Revenue for the quarter came in at $938 million versus the consensus estimate of $925.83 million.

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "Our strong third quarter results demonstrate the power of the UA brand. The momentum and growing confidence we outlined last quarter in Footwear and International were on full display in the third quarter with growth rates accelerating to 50% and 94%, respectively. Our Direct-to-Consumer business continues to drive our vision to Empower Athletes Everywhere with the debut of local E-Commerce sites in the United Kingdom, Germany, and France, as well as optimizing all global sites for mobile to stay ahead of where our consumers are going. And we were particularly excited about our I WILL WHAT I WANT™ global women's campaign, featuring Misty Copeland and Gisele Bundchen, which

Under Armour sees FY2014 revenue of approx. $3.03 billion, versus prior guidance of $2.98 - $3.0 billion and the consensus of $3.02 billion. The firm also raised 2014 operating income guidance to approximately $348 million, from $343 - $345 million prior.

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