By and  on July 25, 2013

Shares of Under Armour Inc. shot up 12.3 percent Thursday as second-quarter profits more than doubled.

The Baltimore-based athletic firm also raised its outlook for the full year. Revenues are now expected to climb to $2.23 billion and $2.25 billion this year, up from the $2.21 billion to $2.23 billion previously forecast. Wall Street was already looking for $2.25 billion, but analysts might now nudge up their own projections.

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