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Under Armour Q3 Earnings Increase 25%

Guidance raised as apparel sales climbs 45 percent and overall revenue soars 46 percent during the period.

Under Armour Inc.’s earnings climbed 25 percent in the third quarter, driven by strong sales growth across all categories, including a 49 percent increase in women’s.

For the three months ended Sept. 30, the athletic apparel and footwear company reported net income of $20 million, or 40 cents per diluted share, compared with $16 million, or 32 cents, in the same period last year. Revenues for the quarter grew 46 percent to $186.9 million from $127.7 million.

Apparel showed 45 percent growth, and the smaller accessories business more than doubled. Women’s, men’s and children’s sales all increased more than 40 percent.

“Our third-quarter results reflect strength in both our core apparel business and continued growth in new product categories,” Kevin Plank, chairman and chief executive officer, said in a statement.

For the first nine months of the year, earnings grew 31 percent to $35.7 million, or 71 cents per diluted share, from $27.1 million, or 55 cents, in the same period of 2006. Revenues climbed 46 percent to $431.7 million from $295.4 million.

The Baltimore-based firm raised its 2007 earnings projections to a range of $81.5 million to $83 million from previous estimates of $79 million to $81 million. Under Armour also revised its revenue outlook to a range of $590 million to $600 million, compared with previous estimates of $580 million to $590 million.