Under Armour (NYSE:UA) stock is gaining on Thursday after the company reported positive earnings for its fiscal first quarter of 2025.
The latest earnings report from Under Armour starts with its adjusted earnings per share of 1 cent. That’s a massive surprise compared to the -8 cents per share Wall Street was expecting. It’s also better than the -6 cents from the same time last year.
Adding to that is revenue of $1.18 billion for the fiscal first quarter of 2025. That’s above the $1.14 billion that analysts were predicting, even if it’s down 10% year-over-year.
Under Armour also updated its guidance for fiscal 2025. It expects adjusted EPS to range from 19 cents and 22 cents with revenue dropping in the low double-digits compared to fiscal 2024. For comparison, Wall Street is expecting adjusted EPS of 20 cents and revenue of $5.08 billion for the year.
UA Stock Restructuring Plans
Here’s what Under Armour president and CEO Kevin Plank said about the restructuring plan:
“We are encouraged by early progress in our efforts to reconstitute a premium positioning for the Under Armour brand and pleased with our first quarter fiscal 2025 results that were ahead of expectations. Our renewed energy and alignment are proving to be critical enablers as we work to deliver superior products and storytelling while driving efficiencies, reducing promotional activity, and complexity.”
UA stock is up 17.6% as of Thursday morning.
There are also more stock market stories traders need to know about on Thursday!
We have all of that ready to go with our stock market coverage today. A few examples include what’s going on with political stocks, Datadog (NASDAQ:DDOG) stock and more. All of this is good to go at the following links!
More Stock Market News for Thursday
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- DDOG Alert: What’s Pushing Up the Datadog Stock Price Today?
- HOOD Stock Alert: 5 Reasons for Robinhood Investors to Feel Bullish After Q2 Results
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
