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Under Armour, Inc. (NYSE:UA) shares are trading lower on Monday. The stock has been volatile following the release of the company's second-quarter earnings last week.
What To Know: Under Armour reported second-quarter financial results on Nov. 8. The company posted quarterly earnings of 24 cents per share which beat analyst expectations of 21 cents, representing an increase of 20% compared to earnings of 20 cents per share from the same period last year.
Revenue of $1.57 billion met the analyst consensus estimate, a 0.44% decrease over sales of $1.57 billion from the same period last year.
Under Armour issued full-year 2024 guidance, with earnings expected to be between 47 cents and 51 cents per share, versus the estimate of 50 cents per share, and revenue anticipated to decline 2% to 4%, versus the previous expectation of "flat to up slightly."
Shares of Under Armour were volatile post-earnings, although the stock began the week trading lower considerably, down over 5% on Monday.
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UA Price Action: Shares of UA were down 5.41% at $6.56 at the time of publication, according to Benzinga Pro.
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Posted In: UA
