Under Armour reports 4Q loss

Associated Press |

BALTIMORE (AP) _ Under Armour Inc. (UAA) on Tuesday reported a fourth-quarter loss of $87.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Baltimore-based company said it had a loss of 20 cents. Earnings, adjusted for restructuring costs and pretax expenses, were less than 1 cent on a per-share basis.

The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The sports apparel company posted revenue of $1.37 billion in the period, beating Street forecasts. Fifteen analysts surveyed by Zacks expected $1.31 billion.

Under Armour expects full-year earnings in the range of 14 cents to 19 cents per share.

Under Armour shares have fallen slightly more than 1 percent since the beginning of the year. The stock has dropped 34 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAA at https://www.zacks.com/ap/UAA

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