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Under Armour (UA) Tops Q3 EPS by 1c; Bumps Revenue Outlook

October 22, 2015 7:25 AM

Under Armour (NYSE: UA) reported Q3 EPS of $0.45, $0.01 better than the analyst estimate of $0.44. Revenue for the quarter rose 28% to $1.2 billion versus the consensus estimate of $1.17 billion.

Under Armour bumps FY2015 revenue of $3.91 billion, versus prior guidance of $3.84 billion and the consensus of $3.88 billion.

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "Our scoreboard in the third quarter not only marked our 22nd straight quarter of at least 20% net revenue growth, but also our first $1 billion quarter. Our ongoing success in 2015 has been driven by innovative, head-to-toe product, combined with game-changing performances by our athletes. Leveraging these great successes throughout 2015, our current Rule Yourself global marketing campaign highlights the training and dedication that drives our athletes to be their best on the biggest stages. The campaign features Tom Brady, Misty Copeland, Stephen Curry, and recently named PGA Tour Player of the Year Jordan Spieth. When combined with over 150 million unique registered users across our Connected Fitness community, logging more than 6.5 billion food items and 1.5 billion workouts year-to-date, our brand is resonating with more athletes than ever before and we are investing to not only build deeper relationships with these athletes today, but fulfill our longer term vision to change the way athletes live."

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

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