Under Armour Reiterates 2018 Outlook As Q1 Results Top View - Quick Facts

(RTTNews) - Under Armour, Inc. (UA) on Tuesday reiterates its full-year 2018 outlook for adjusted earnings in the range of $0.14 to $0.19 per share on projected net revenue growth in the low single-digit percentage rate.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.21 per share on revenue growth of 3.2 percent to $5.14 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company reported a net loss of $30.24 million or $0.07 per share, wider than $2.27 million or $0.01 per share in the prior-year quarter. Excluding the impact of the restructuring plan, adjusted net income was $0.77 million or breakeven per share.

Revenue for the quarter grew 5.9 percent to $1.19 billion from $1.12 billion last year. It grew 3.8 percent on a currency neutral basis.

Analysts expected a quarterly loss of $0.05 per share on revenues of $1.12 billion.