U.S. Markets open in 8 hrs 32 mins

Under Armour shares soar on stronger-than-expected sales

Holden Wilen
American City Business Journals

Under Armour Inc. shares soared more than 17 percent during pre-market trading Tuesday after the sportswear maker beat sales estimates in the fourth quarter. Excluding the impact of its restructuring plan, other related charges and the impact of the U.S. tax reform law passed in December, Under Armour's loss in the fourth quarter was $579,000. Under Armour's (UAA) adjusted results matched Wall Street estimates for the fourth quarter.