Under Armour beats quarterly revenue estimates

FILE PHOTO: Products are displayed in an Under Armour store in New York City, U.S., November 4, 2019. REUTERS/Brendan McDermid

(Reuters) – Under Armour Inc UA.NUAA.N beat quarterly revenue estimates on Friday, helped by online demand from shoppers looking for athletic apparel for home or outdoor workouts.

The company’s revenue stayed roughly flat at $1.43 billion for the third quarter ended Sept. 30, beating analysts’ average estimate of $1.16 billion, according to IBES data from Refinitiv.

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