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Athletic apparel maker Under Armour's profit jumps 73 pct
April 24, 2014 / 11:16 AM / 3 years ago

Athletic apparel maker Under Armour's profit jumps 73 pct

April 24 (Reuters) - Under Armour Inc reported a 73 percent jump in first-quarter profit, driven by strong growth in sales of its athletic apparel and footwear.

Shares of the company, known for its HeatGear and ColdGear clothing, rose 5.7 percent to $57.5 in premarket trading.

Net income rose to $13.5 million, or 6 cents per share, in the first quarter ended March 31, from $7.8 million, or 4 cents per share, a year earlier.

Revenue increased 36 percent to $641.6 million. (Reporting by Maria Ajit Thomas in Bangalore; Editing by Sriraj Kalluvila)

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