Under Armour (UA) tops expectations but lowers revenue guidance
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Go back to Under Armour (UA) tops expectations but lowers revenue guidance
November 8, 2023 7:00 AM EST
By Aatrayee Chatterjee and Ananya Mariam Rajesh
(Reuters) -Under Armour on Wednesday raised its annual gross margin expectations as the sportswear maker benefits from abating cost pressures even as it struggles with tepid demand in its biggest market of North America.
The company's shares, down about 29% so far this year, were last up 5% in early trading as second-quarter profit topped analysts' estimates.
Freight and raw material costs are moderating for global companies from the spikes caused by... More
November 8, 2023 6:58 AM EST
Under Armour Inc (NYSE: UAA) reported Q2 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.7 million versus the consensus estimate of $1.57 million.
GUIDANCE:
Under Armour Inc sees FY2024 revenue of $0.47-0.51 million,... More
November 7, 2023 10:56 AM EST
Under Armour Inc (NYSE: UAA) November weekly call option implied volatility is at 146, November is at 96; compared to its 52-week range of 31 to 64 into the expected release of quarter results before the bell on November 8.
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November 7, 2023 3:15 AM EST
Under Armour Inc (NYSE: UAA) November weekly 7 straddle is priced for a move of 13% into the expected release of quarter results before the bell on November 8.
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November 6, 2023 4:16 PM EST
Evercore ISI analyst Michael Binetti initiates coverage on Under Armour, Inc. (NYSE: UAA) with a In Line rating and a price target of $8.00.
For an analyst ratings summary and ratings history on Under Armour, Inc.... More
