Piper Jaffray Remains Sidelined After Under Armour (UA) Reports Strong Sales Driven by Footwear and Int'l Growth
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Under Armour Reports Fourth Quarter Net Revenues Growth Of 31% And Full Year Net Revenues Growth Of 28%
January 28, 2016 7:01 AM ESTBALTIMORE, Jan. 28, 2016 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA) today announced financial results for the fourth quarter ended December 31, 2015. Net revenues increased 31% in the fourth quarter of 2015 to $1.17 billion compared with net revenues of $895 million in the prior year's period. On a currency neutral basis, net revenues increased 33% compared with the prior year's period. Operating income increased 21% in the fourth quarter of 2015 to $178 million compared with $146 million in the prior year's period. Net income increased 21% in the fourth quarter of 2015 to $106 million compared with $88 million in the prior year's... More
