Under Armour beats by $0.01, beats on revs; slightly raises FY14 guidance
- Reports Q3 (Sep) earnings of $0.41 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.40; revenues rose 29.7% year/year to $937.91 mln vs the $925.19 mln consensus. UA reports Q3 gross margin of 49.6% vs estimate of ~100 bps expansion to 49.5% primarily driven by higher import duties in the prior year's period and favorable year-over-year sales mix.
- UA sees 2014 operating income ~$348 mln, prior guidance +29-30% to $343-345 mln, vs +32% to ~$350 mln estimate; revenues $3.03 bln, prior guidance +28-29% ~$2.98-3.0 bln, vs +30% to $3.02 bln consensus.