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Under Armour's profit jumps on strong sales of athletic apparel
January 30, 2014 / 12:15 PM / 4 years ago

Under Armour's profit jumps on strong sales of athletic apparel

Jan 30 (Reuters) - Athletic apparel maker Under Armour Inc reported a 28 percent jump in fourth-quarter profit, driven by strong sales of its fleece offerings and ColdGear Infrared products.

The company’s shares rose 8 percent in premarket trading.

Net income increased to $64.2 million, or 59 cents per share, from $50.1 million, or 47 cents per share, a year earlier.

Revenue rose 35 percent to $682.8 million in the quarter ended Dec. 31.

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