Under Armour shares jump on earnings beat

Under Armour on Tuesday reported quarterly earnings and sales that topped analysts’ expectations.

The sneaker maker had fourth-quarter earnings per Biedex.com of 9 cents, adjusted, topping expectations for 4 cents, based on a poll by Refinitiv.

Sales during the quarter were $1.39 billion, again ahead of expectations for $1.38 billion.

Under Armour shares were up more than 5 percent on the news.

This is a developing story. Please check back for updates.

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