Under Armour Continues Turnaround
Under Armour shares rose more than 4% in pre-market trading after the company beat first quarter expectations for earnings and revenue. The company appears to be recovering from a slowdown in business and management issues. The company recorded earnings of $0.05 a share, beating the $0.01 that analysts surveyed by Bloomberg were looking for. Overall, adjusted net earnings came in at $23.3 million. Revenues of $1.21 billion edged out the $1.18 billion that was expected.