Under Armour ( UA ) , Beats 3rd Quarter earnings

expects 2009 earnings of $0.85 to $0.87 per share on revenue of $830.0 million to $835.0 million. The company's previous guidance was earnings of $0.80 to $0.82 per share on revenue of approximately $810.0 million and the current consensus earnings estimate is $0.83 per share on revenue of $812.7 million for the year ending December 31, 2009.

For full details on Under Armour Inc (UA) click here. Under Armour Inc (UA)reported third-quarter net income of $26.2 million compared to $25.7 million last year. Earnings per share was $0.52 compared to $0.51 prior year.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased 16.2% to $269.5 million from $231.9 million last year. Analysts expected revenue of $249.04 million for the quarter.

For 2009, the company had previously estimated annual net revenues of approximately $810 million and earnings per share in the range of $0.80-$0.82. Based on its performance year-to-date, the company increased its outlook for 2009. The company now anticipates full year net revenues in the range of $830 million-$835 million. Earnings per share is anticipated to be in the range of $0.85-$0.87.
Under Armour beats by $0.08, beats on revs; raises FY09 EPS and rev guidance Reports Q3 (Sep) earnings of $0.52 per share, $0.08 better than the First Call consensus of $0.44; revenues rose 16.2% year/year to $269.5 mln vs the $249.9 mln consensus. Co raises guidance for FY09, sees EPS of $0.85-0.87 vs. $0.83 consensus, up from previous guidance of $0.80-0.82; sees FY09 revs of $830-835 mln vs. $815.39 mln consensus, up from previous guidance of ~$810 mln. Gross margin for the third quarter of 2009 was 49.7% compared with 51.0% in the prior year's quarter. Based on higher personnel costs, including increased funding of the Company's performance incentive plan, selling, general, and administrative expenses for 2009 are now expected to grow in the mid-teens on a percentage basis year-over-year, above the Company's previous outlook for growth in the low-teens. Q3's rev increase was driven by growth in the Men's, Women's, and Youth apparel businesses. Footwear net revenues in the third quarter of 2009 increased to $33.0 million from $13.1 million in the third quarter of 2008. Direct-to-consumer net revenues, which represented 15% of total net revenues for the quarter, grew 62% year-over-year during the third quarter