Under Armour’s Q3 sales remain flat, forecasts better revenue estimates

Under Armour, Inc., for the third quarter, reported that revenue was flat at 1.4 billion dollars compared to the prior year. The company said, gross margin decreased 40 basis points to 47.9 percent, operating income was 59 million dollars, while adjusted operating income was 133 million dollars. The company added that net income was 39 million dollars, adjusted net income was 118 million dollars, diluted earnings per share were 9 cents and adjusted diluted earnings per share were 26 cents.