BALTIMORE (AP) -- Under Armour once again beat Wall Street expectatiosn, posting an 8 percent increase in net income for the second quarter.
The athletic gear company has now beat expectations for four straight quarters and its seen profits rise for the past threr.
Under Armour also boosted its full-year revenue outlook. Its shares gained more than 5 percent in premarket trading Tuesday.
Under Armour Inc. earned $6.7 million, or 6 cents per share, for the quarter. That's up from $6.2 million, or 6 cents per share, a year earlier.
The Baltimore company's per share results are adjusted for a 2-for-1 stock split.
Under Armour's stock added $2.77, or 5.7 percent, to $51.15 before the market open.
Revenue for the period ended June 30 increased 27 percent to $369.5 million from $291.3 million, beating Wall Street's $358 million.
Clothing sales grew 23.5 percent to $204.8 million for the April through June period, while footwear sales climbed 43.8 percent to $67.4 million mostly because of sales of new running shoe styles. Sales of accessories gained 21.1 percent to $39.2 million. Licensing revenue improved 37.1 percent to $10 million.
Going forward, Under Armour now expects 2012 revenue of $1.8 billion to $1.82 billion. It previously forecast revenue of $1.78 billion to $1.8 billion.
Analysts anticipate revenue of $1.47 billion.