Overall, Under Armour posted a profit of $57.3 million, or 54 cents a share, up from a profit of $46 million, or 44 cents a share, a year earlier. Revenue rose 24% to $575.2 million.
Analysts had seen earnings of 52 cents a share on revenue of $576.4 million. Under Armour, Inc. had previously anticipated a 2012 net revenue in the range of $1.80-$1.82 billion, representing a growth of 22% to 24% over 2011, and 2012 operating income in the range of $205-$207 million, representing a growth of 26% to 27% over 2011. The company now expects 2012 net revenue of approximately $1.82 billion, representing a growth of 24% over 2011 and a 2012 operating income of approximately $207 million, representing a growth of 27% over 2011. The company now expects an effective tax rate of approximately 37.0%, compared to an effective tax rate of 38.2% for 2011. Their consensus revenue estimate is $1.83 billion.