By  on October 25, 2012

Shares of Under Armour Inc. declined 6.5 percent Thursday, even though the firm posted third-quarter results that bested Wall Street’s expectations. 

For the three months ended Sept. 30, net income rose 24.6 percent to $57.3 million, or 54 cents a diluted share, from $46 million, or 44 cents, a year ago. Wall Street analysts were expecting 52 cents. Net revenues rose 23.6 percent to $575.2 million from $465.5 million.

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