Under Armour’s net income jumped by 90 percent to $15,970,000 in the 3rd quarter ended Sept. 30 on 48 percent higher sales of $127.7 million. The young American company expects the growth in its 2007 turnover and earnings to surpass the 20-25 percent projections it had made for both. For the current financial year, the company has estimated that revenues will reach $410-420 million, with net income of $38.5-39.5 million. Gross margin is expected to expand by 20-30 basis points and to be offset by costs related to Under Armour’s diversification into footwear and its expansion into markets outside of the USA. Foreign revenues should total $10-12 million for the year. The management expects them to triple in 2007 as important European key accounts such as JJB Sports in the UK, Karstadt in Germany and Intersport in the Nordic countries plan to roll out the brand through a larger number of stores. Under Armour will move to the New York Stock Exchange from NASDAQ on Dec. 18.