Under Armour Beats On Earnings And Guidance But Shares Are Falling

Under Armour

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.