BALTIMORE (AP) _ Under Armour Inc. (UAA) on Friday reported a loss of $182.9 million in its second quarter.
The Baltimore-based company said it had a loss of 40 cents per share. Losses, adjusted for restructuring costs and amortization costs, were 31 cents per share.
The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The sports apparel company posted revenue of $707.6 million in the period, also exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $542 million.
Under Armour shares have dropped 47% since the beginning of the year. The stock has fallen 52% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAA at https://www.zacks.com/ap/UAA
The Associated Press