Under Armour (UAA) reports Q4 2020 earnings beat

Products are displayed in an Under Armour store in New York City, November 4, 2019.

Brendan McDermid | Reuters

Under Armour on Wednesday reported a surprise profit for the holiday quarter as sales were boosted by strong growth at its online business.

Its shares jumped more than 3% in premarket trading.

Here’s how the company did for the fourth quarter compared with what analysts were expecting, based on a survey by Refinitiv:

  • Earnings per share: 12 cents, adjusted, vs. a loss of 7 cents, expected
  • Revenue: $1.4 billion vs. $1.27 billion, expected

Under Armour shares are up about 2% over the past 12 months, as of Tuesday’s market close. The company has a market cap of $9.42 billion.

This story is developing. Please check back for updates.

Find the full press release from Under Armour here.

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