Under Armour Q1 Results Mixed, Footwear Performance Solid

April 21, 2015 8:00 PM

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Under Armour Inc.’s stock is down 4 percent today following a mixed finish to Q1, with net income as well as EPS slightly down year-on-year, while revenue, footwear and international saw double-digit growth. Increased air-freight charges from the West Coast ports dispute and currency headwinds also posed a challenge for the Baltimore-based company in Q1, with FX adding a 2 percent drag on revenues.

Net Income: Profits decreased 13 percent, to $12 million, compared with the year-ago quarter’s $14 million, inclusive of costs related to Q1’s Endomondo and MyFitessPal acquisitions.

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