steph curry under armour shoes

  • Under Armour revenue topped Wall Street estimates.
  • The athletic-apparel maker posted a fourth-quarter loss of $ 87.9 million because of a one-time charge due to the new tax law.

(Reuters) – Under Armour Inc on Tuesday reported quarterly revenue that beat analysts’ estimates, as it sold more footwear and apparel through its own stores and online.

The company reported fourth-quarter loss of $ 87.9 million, or 20 cents per Class C share, in the quarter ended Dec. 31, compared with a profit of $ 103.2 million, or 23 cents per share, a year earlier, as it incurred a one-time charge due to changes in the U.S. tax code.

Net revenue rose to $ 1.37 billion from $ 1.31 billion, beating analysts’ estimate of $ 1.31 billion, according to Thomson Reuters I/B/E/S.

 

(Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)

Join the conversation about this story »

NOW WATCH: No one wants to host the Olympics anymore — will they go away?


Finance <h2>Visit <a href="http://allinoneinternetsearch.com/">All-in-one Internet Search</a> to begin your search!</h2>