
Under Armour (UA) surprised analysts after reporting its fourth-quarter earnings. The company reported revenues of $1.4b versus analyst’s expectations of $1.27b, as well as an unexpected profit for the holiday quarter, driven by a boost in digital sales and a reduction in expenses.
The company’s investors took well to the earnings report as its shares finished Thursday’s trading session in the green by 2.4%.
The athleisure apparel company attributes this to a “resurgence in terms of fitness… and general wellness”, according to CEO Patrik Frisk.