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Under Armour (UAA) Q4 Earnings Meet, Sales Miss, Stock Down
Shares of Under Armour, Inc. UAA are down roughly 15% during pre-market trading session on Feb 11, following the company’s fourth-quarter 2019 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line met the same. The company’s cautionary statement that the coronavirus outbreak in China is likely to hurt first-quarter 2020 sales also hurt the stock.
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Nonetheless, we note that both the top and the bottom lines improved year over year. The Baltimore-based company reported adjusted earnings of 10 cents a share that came a penny ahead of the prior-year quarter’s tally. Higher net revenues, lower cost of goods sold and reduced interest expense favorably impacted the bottom-line performance of this Zacks Rank #3 (Hold) company.
Net revenues grew 3.7% (or 4.1% on a currency neutral basis) to nearly $1,441.2 million but fell short of the Zacks Consensus Estimate of $1,464.8 million, after surpassing the same in the preceding quarter.
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https://finance.yahoo.com/news/under-arm...03600.html
![[Bild: UAc1dl0310.png]](https://finviz.com/publish/021220/UAc1dl0310.png)
Shares of Under Armour, Inc. UAA are down roughly 15% during pre-market trading session on Feb 11, following the company’s fourth-quarter 2019 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line met the same. The company’s cautionary statement that the coronavirus outbreak in China is likely to hurt first-quarter 2020 sales also hurt the stock.
...
Nonetheless, we note that both the top and the bottom lines improved year over year. The Baltimore-based company reported adjusted earnings of 10 cents a share that came a penny ahead of the prior-year quarter’s tally. Higher net revenues, lower cost of goods sold and reduced interest expense favorably impacted the bottom-line performance of this Zacks Rank #3 (Hold) company.
Net revenues grew 3.7% (or 4.1% on a currency neutral basis) to nearly $1,441.2 million but fell short of the Zacks Consensus Estimate of $1,464.8 million, after surpassing the same in the preceding quarter.
..
https://finance.yahoo.com/news/under-arm...03600.html
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