Under Armour Inc.'s (UA) fourth-quarter net income rose 42% to $16.9 million, or 34 cents a share, from $11.9 million, or 24 cents, a year earlier. The Baltimore athletic wear company said revenue for the quarter ended Dec. 31 rose 29.2% to $174.8 million from $135.3 million a year earlier.
Analysts polled by Thomson Financial, on average, projected earnings of 31 cents a share on revenue of $174 million.
For the first half of 2008, Under Armour projects earnings of 3 cents a share to 5 cents a share. Looking ahead, the company expects annual net revenue of $765 million to $775 million for 2008, an increase of 26% to 28% over 2007. The company also expects income from operations of $108.5 million to $110.5 million, an increase of 26% to 28% over 2007.
Under Armour's stock is breaking off a bottom here (up 1.62 to $39.20). Its 52-week high was at $73 back in August.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment