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Under Armour's Quarterly Revenue Jumps 30 percent

Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Source: Shutterstock
By
  • Reuters

BALTIMORE, United States — Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.

The company's net income rose to $19.2 million, or 4 cents per share, in the first quarter ended March 31 from $11.7 million, or 3 cents per share, a year earlier.

Revenue rose to $1.05 billion from $804.9 million.

By Ramkumar Iyer; editor: Anil D'Silva.

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