Under Armour, Under Its Targets (UA)

[24/7 Wall St.]

24/7 Wall St. Daily News

Under Armour (NYSE: UA) has reported earnings that look like more disappointment is on the way. The sports apparel company posted $0.06 EPS on revenues of $157.3 million, although First Call had estimates at $0.03 EPS on $153.6 million in revenues. While this is above plan on the EPS side of the equation, this is actually a 71% drop in net income. Gross margin was 47.6%, down from 48.7% in the prior year. The company is also backing 2008 revenue goals of $765 to $775 million, although estimates from First Call are $775.2 million. Unfortunately, Under Armour is backing away...http://feeds.feedburner.com/~f/typepad/RyNm?i=GQlbyG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GQlbyG) http://feeds.feedburner.com/~f/typepad/RyNm?i=tZfodG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tZfodG) http://feeds.feedburner.com/~f/typepad/RyNm?i=MEycyg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=MEycyg)


complete story here... (http://www.247wallst.com/2008/04/under-armour-un.html)