Under Armour Beats On Earnings And Guidance But Shares Are Falling

Under Armour said Q3 EPS jumped 29% to 88 cents per share.  Analysts were expecting 83 cents per share.

Management noted that EPS was boosted by 4 cents thanks to “ongoing tax planning strategies.

The company raised full year revenue guidance to $1.46-$1.47 billion, up from $1.42-$1.44 billion.

Analyst were expecting $1.45 billion in full year revenue.

However, shares are down 3% in premarket trading.

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