Under Armour Inc.'s stock soared 5.42% in the pre-market session on Thursday, driven by the company's impressive third-quarter sales results that surpassed Wall Street expectations.
The athletic apparel and footwear maker reported Q3 sales of $1.401 billion, exceeding the consensus estimate of $1.341 billion. Investors cheered the strong sales performance, propelling the company's shares higher ahead of the market open.
Under Armour's ability to deliver better-than-expected sales in a challenging macroeconomic environment underscores the strength of its brand and product lineup. The company's focus on innovation and expanding its direct-to-consumer channels appear to be paying off, resonating well with consumers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.