Under Armour reports rise in fourth-quarter revenue

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(Reuters) – Under Armour Inc (UA.N) (UAA.N) on Tuesday reported quarterly revenue that beat analysts’ estimates, as it sold more footwear and apparel through its own stores and online. The company reported fourth-quarter loss of $87.9 million, or 20 cents per Class C share, in the quarter ended Dec. 31, compared with a profit of $103.2 million, or 23 cents per share, a year earlier, as it incurred a one-time charge due to changes in the U.S. tax code. Net revenue rose to $1.37 billion from $1.31 billion, beating analysts’ estimate of $1.31 billion, according to Thomson Reuters I/B/E/S. Reporting by Nivedita Balu in Bengaluru; Editing by Shounak DasguptaOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters