By and  on October 29, 2008

ATLANTA—Under Armour Inc. reported a strong third quarter on Tuesday, but revised its 2008 outlook downward because of the current weak economic environment as the holiday season approaches.

Net income for the quarter, which ended Sept. 30, rose 28.1 percent to $25.7 million, or 51 cents per diluted earnings per share, compared with $20 million, or 40 cents per diluted share, a year ago. Net revenues increased 24.1 percent to $231.9 million from $186.9 million in the year-ago quarter.

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