Thearon W. Henderson/Getty
- Under Armour income surfaced Wall Street estimates.
- The athletic-apparel builder posted a fourth-quarter detriment of $87.9 million since of a one-time charge due to the new taxation law.
(Reuters) – Under Armour Inc on Tuesday reported quarterly income that kick analysts’ estimates, as it sole some-more shoes and attire by its own stores and online.
The company reported fourth-quarter detriment of $87.9 million, or 20 cents per Class C share, in the entertain finished Dec. 31, compared with a distinction of $103.2 million, or 23 cents per share, a year earlier, as it incurred a one-time charge due to changes in the U.S. taxation code.
Net income rose to $1.37 billion from $1.31 billion, beating analysts’ guess of $1.31 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)