Under Armor: beats expectations in Q1
(CercleFinance.com) - Before Wall Street opens on Thursday, Under Armor group has reported Q1 2019 EPS of 5 cents.
This figure hence exceeds both Q1 2018 EPS and the consensus. A year ago, Q1 EPS reached -7 cents, while this year the consensus was looking for -1 cent per share. Likewise, net income was positive again at just over 22.4 million dollars, against a net loss of 30.25 million dollars a year earlier.
Benefiting from these solid results, the sporting goods group announced that it is raising its expectations. In particular, it is looking for operating income of between 220 million and 230 million dollars, against 210 million to 230 million dollars previously, with FY EPS of 33 cents to 34 cents, against 31 cents to 33 cents previously.
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