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Under Armour Q1 profit falls YOY

4256987 said its normalized net income for the first quarter was $1.4 million, a decrease of 93.1% from $20.7 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.1% from 2.0% in the year-earlier period.

Total revenue rose 6.6% year over year to $1.12 billion from $1.05 billion, and total operating expenses rose 9.6% year over year to $1.11 billion from $1.01 billion.

eported net income totaled a loss of $4.4 million, or a loss of 1 cents per share, compared to income of $17.7 million, or 4 cents per share, in the year-earlier period.Under Armour Inc.

4256987 said its normalized net income for the first quarter was $1.4 million, a decrease of 93.1% from $20.7 million in the prior-year period.