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Under Armour reports 2Q loss

FILE - This Monday, Jan. 4, 2016, file photo, shows a pair of Under Armour SpeedForm Gemini 2 Record Equipped running shoes, containing an embedded chip to track exercise, on display, in New York. On Tuesday, Aug. 1, 2017, Under Armour announced it is cutting approximately 280 jobs from its global workforce and lowering its full-year revenue outlook, overshadowing a second-quarter performance that topped most expectations. (AP Photo/Mark Lennihan, File)

BALTIMORE (AP) _ Under Armour Inc. (UAA) on Tuesday reported a loss of $12.3 million in its second quarter.

On a per-share basis, the Baltimore-based company said it had a loss of 3 cents.

The results exceeded Wall Street expectations. The average estimate of 21 analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The sports apparel company posted revenue of $1.09 billion in the period, also surpassing Street forecasts. Fifteen analysts surveyed by Zacks expected $1.08 billion.

Under Armour expects full-year earnings in the range of 37 cents to 40 cents per share.

Under Armour shares have fallen 31 percent since the beginning of the year. The stock has fallen 49 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAA at https://www.zacks.com/ap/UAA


Keywords: Under Armour, Earnings Report