Use Under Armour (UA) Weakness as a Buying Opportunity, Sterne Agee CRT Says; PT Raised to $95
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Under Armour Reports First Quarter Net Revenues Growth Of 25%; 20 Straight Quarters Above 20% Net Revenue Growth
April 21, 2015 7:00 AM EDTBALTIMORE, April 21, 2015 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA) today announced financial results for the first quarter ended March 31, 2015. Net revenues increased 25% in the first quarter of 2015 to $805 million compared with net revenues of $642 million in the prior year's period. On a currency neutral basis, net revenues increased 27% compared with the prior year's period. Net income decreased 13% in the first quarter of 2015 to $12 million compared with $14 million in the prior year's period, inclusive of costs related to the previously announced acquisitions of Endomondo and MyFitnessPal during the first quarter. Diluted... More
