Under Armour spikes after big revenue beat (UAA)

markets.businessinsider.com | 2/13/2018 | Staff
TaylorShaye (Posted by) Level 3
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Under Armour posted better-than-expected revenue on Monday and the stock is surging in pre-market trading.

The company is undergoing a transformation as it seeks to reverse declining sales.

Shares - Armour - % - Tuesday - Opening

Shares of Under Armour are up more than 12% ahead of Tuesday's opening bell after the company posted better-than-expected fourth-quarter revenue.

The Baltimore-based athletic brand said it brought in $1.365 billion in revenue to close out 2017, 3.8% more than expected. However, it posted no profit on a per share basis, missing the $0.03 that Wall Street was anticipating.

Company - Tax - Hit - Stemming - Tax

The company also disclosed a one-time tax hit of $39 million stemming from the recently updated tax law, as well as two additional restructuring charges of $110 million and $130 million this year related to the closing of facilities and termination of...
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