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Actionable news in UA: UNDER ARMOUR Inc,

Under Armour shares surge on smaller-than-expected loss

Although Under Armour posted its first-ever loss Thursday, it was not nearly as bad as some had feared, sending shares up more than 10 percent.

Here's what the company reported vs. what the Street was expecting:

  • EPS: A loss of 1 cent per share vs. estimated loss of 4 cents per share, according to Thomson Reuters.
  • Revenue: $1.12 billion vs. $1.11 billion, analysts said.

Under Armour announced Thursday morning that it swung to a net loss of $2.3 million, or a penny per share, for the first quarter of 2017, from a profit of $19.2 million, or 4 cents per share, one year ago.

Sales climbed nearly 7 percent to $1.12 billion from $1.05 billion a year ago, the company said, boosted by increases in both wholesale and direct-to-consumer revenues.

Under Armour's North American revenue, though, fell 1 percent for the period "as new distribution was more than offset by the absence of business lost to bankruptcies in 2017," the company explained.

The retailer reported a 12 percent increase in accessories sales for the first quarter, fueled by strength in men's training, running, youth and global football business segments. Apparel revenue climbed 7 percent from strength in training...