Under Armour grows faster than expected

2013-10-28T00:00:00

Under Armour upgraded its guidance once again after posting a better-than-expected 26.9 percent increase in net income to $72.8 million for the third quarter ended Sept. 30 on 25.7 percent higher overall revenues of $723.1 million. Gross margins fell slightly to 48.4 percent, but operating earnings increased by 33.0 percent ...

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