Reuters/AI Project
- Under Armour edged out Wall Street estimates on both the top and bottom lines in Thursday's second-quarter earnings announcement.
- It saw North American sales increase for the first time in year.
- The apparel maker says it will take about $80 million in additional restructuring charges.
- Shares are up 5.5% in early trading.
- Watch Under Armour trade in real time here.
Under Armour's second-quarter earnings results edged out Wall Street estimates on both the top and bottom lines, sending shares up 5.5% ahead of the opening bell on Thursday.
The athletic-apparel maker posted an adjusted loss of $0.08 a share as revenue climbed 7% to $1.2 billion. Wall Street analysts surveyed by Bloomberg were expecting a loss of $0.085 a share on $1.15 billion of revenue.
See the rest of the story at Business Insider
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