Under Armour (UA) Stock Smashes Earnings With Footwear

TheStreet

Shares of Under Armour jumped on Thursday making it TheStreet's Move of the Day. The company known for sports apparel beat second-quarter earnings estimates by 6 cents and received a cheer from investors after saying that it was encouraged by growth in its shoe sales. CEO Kevin Plank said in a statement: "[W]e were particularly encouraged by the brand response we are seeing in both our footwear and international businesses. From our latest pinnacle football cleat," adding, "our footwear is clearly resonating with consumers and we are well positioned to expand these platforms in the seasons ahead."