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Profits Are Up at Under Armour

Sales -- and profits -- are surging at Baltimore's Under Armour.

From the source:

Under Armour Inc.'s net income surged 77 percent in the second quarter as the company sold more athletic clothing and footwear and benefited from soaring direct-to-consumer sales and from taking its previously licensed hats and bags business in-house.

The Baltimore clothing seller also increased its full-year revenue forecast Tuesday to a range above Wall Street's expectations.

Under Armour earned $6.2 million, or 12 cents per share, for the quarter, compared with $3.5 million, or 7 cents per share, a year ago.

Read the full story here.
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