trending Market Intelligence /marketintelligence/en/news-insights/trending/LH8P-01Pj4OS66j-a9zyPg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Under Armour profit misses consensus by 20.9% in Q2

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

Tech in Banking: An Age of Digital Disruption

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Under Armour profit misses consensus by 20.9% in Q2

Under Armour Inc. said its normalized net income for the second quarter was 2 cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.

EPS decreased 61.7% year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.7 million, a decrease of 61.5% from $17.3 million in the prior-year period.

The normalized profit margin dropped to 0.7% from 2.2% in the year-earlier period.

Total revenue climbed 27.7% on an annual basis to $1.00 billion from $783.6 million, and total operating expenses increased 30.6% from the prior-year period to $981.4 million from $751.7 million.

Reported net income came to a loss of $53.1 million, or a loss of 12 cents per share, compared to income of $13.2 million, or 3 cents per share, in the year-earlier period.