New technological innovations for its performance apparel and footwear helped Under Armour Inc. post a 27 percent jump in third-quarter income.
According to the activewear maker early Thursday, it registered income of $72.8 million, or 68 cents a diluted share for the quarter ended September 30. This compared with year-ago income of $57.3 million, or 54 cents a share.
Net sales for the quarter expanded 25.7 percent to $723.1 million from $575.2 million, in the prior-year quarter.
Under Armour bested analysts' projections of EPS of 66 cents on sales of $710.2 million.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)