Under Armour Q3 2024 Adj EPS $0.19 Beats $0.11 Estimate, Sales $1.49B Miss $1.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Under Armour reported Q3 2024 adjusted EPS of $0.19, surpassing the $0.11 estimate, but its sales of $1.49B fell short of the $1.50B estimate, marking a 6.07% decrease from the previous year.
February 08, 2024 | 11:56 am
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NEUTRAL IMPACT
Under Armour's Q3 2024 earnings beat EPS estimates but missed on sales, indicating mixed financial health.
The EPS beat could signal operational efficiency or cost management success, potentially boosting investor confidence. However, the sales miss, especially a year-over-year decrease, might raise concerns about growth or market share, creating uncertainty about the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Under Armour's Q3 2024 earnings beat EPS estimates but missed on sales, indicating mixed financial health.
The EPS beat could signal operational efficiency or cost management success, potentially boosting investor confidence. However, the sales miss, especially a year-over-year decrease, might raise concerns about growth or market share, creating uncertainty about the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90