(Updated - July 23, 2015 8:43 AM EDT with analyst commentary)

Under Armour (NYSE: UA) reported Q2 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $784 million versus the consensus estimate of $762.15 million.

Under Armour sees FY2015 revenue of $3.84 billion, versus prior guidance of $3.78 billion and the consensus of $3.83 billion.

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "More than ever before, this year has highlighted that the right investments are key to not only driving near-term results, but building the foundation for the unlimited potential of the Under Armour Brand. In the second quarter of 2015, we witnessed historic performances and accolades from our incredible portfolio of athletes including the NBA's MVP and World Champion Stephen Curry, PGA Tour pro Jordan Spieth who won this year's Masters & U.S. Open and the American Ballet Theatre's first-ever African American female principal dancer Misty Copeland. Leveraging these unprecedented successes for our Brand remain critical as we continue to align our strategy to attack key growth categories and drive deeper connections with the athlete. Some of these powerful connections are already evident across our distribution, where we are investing in expanded relationships with our key sporting goods and mall partners, as well as supporting our own direct-to-consumer capabilities including new Brand House openings across both the U.S. and our International markets. It also means continuing to build one of our key foundations for future growth with Connected Fitness. With our Connected Fitness community now totaling more than 140 million unique registered users and adding on average more than 100,000 new athletes each day, we are pleased with our progress and believe we are still in the early stages of uncovering the potential of what the world's largest digital health and fitness community can do to build consumer engagement and drive healthier lifestyles."

Commenting on the results, Sterne Agee CRT analyst Sam Poser said they expect guidance to continue to increase throughout the year as expectations are likely still conservative.

Poser highlighted:

• Apparel sales increased 22.7% to $515.3M, slightly above our estimate.
• Footwear sales increased 40.2% to $153.6M, in line with our estimate.
• Accessory sales increased 38.6% to $83M.
• Connected fitness which includes Map My Fitness, MyFitnessPal, and Endomondo drove sales of $13.6M versus $5.5M LY.
• Licensed revenues increased 23.3% to $18.1M.
• International sales increased 93.4% to $89.2M and represented 11.4% of total sale as compared to 7.6% in 2Q14. International sales had operating income of -$4.4M versus -$7.1M in 2Q14.
• DTC sales increased 33% equaled 32% of total sales

For earnings history and earnings-related data on Under Armour (UA) click here.