Under Armour Earnings: Double-Digit Growth Strengthens Shares

Under Armour, Inc. (NYSE:UA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.09%.

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Under Armour, Inc. Earnings Cheat Sheet

Results: Net income increased 53.92% to $50.1 million (47 cents per diluted share) in the quarter versus a net gain of $32.55 million in the year-earlier quarter.

Revenue: Rose 25.52% to $506 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Under Armour, Inc. reported adjusted net income of 47 cents per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $497.73 million.

Quoting Management: Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, “We closed 2012 strongly, delivering net revenue growth of at least 20% for the eleventh consecutive quarter in Q4 by building upon key apparel technology platforms like Storm Fleece and Charged Cotton…

…Our ability to bring practical innovation to our consumer across a broad range of product drove our 25% net revenue growth in 2012 and positions us well for 2013 and beyond.  With these strong results in hand, we are well on our way toward delivering on the goal established at our June 2011 Investor Day to more than double our net revenues from 2010 to 2013.”

Key Stats:

Revenue decreased 12.03% from $575.2 million in the previous quarter. Net income decreased 12.6% from $57.32 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.19 and has not changed. For the current year, the average estimate is a profit of $1.2, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials.)