Under Armour reports Q3 adjusted EPS 8c, consensus 3c

Reports Q3 revenue $1.4B, consensus $1.34B. Inventory was flat at $1.1B. “We are pleased our quarterly results exceeded expectations,” said Under Armour (UAA) (UA) President and CEO Kevin Plank. “As we sharpen our focus on strengthening the Under Armour brand, our updated product strategy and enhanced marketplace discipline combined with the shift to a category-led operating model are driving our transformation.”