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Under Armour shares jump as sales soar in 2nd quarter

Under Armour shares jump as sales soar in 2nd quarter

Under Armour's stock jumped Thursday after the Baltimore-based sports apparel brand beat analysts' expectations, reporting growth abroad and strong footwear sales in the second quarter. Its shares rose $6.58 each to close at $95.95 in Thursday trading. In the April-to-June period, Under Armour's sales grew 29 percent to $784 million, from $610 million in 2014's second quarter. International revenue leaped 93 percent from last year, while footwear sales rose 40 percent, driven by the top-selling basketball shoe named for Golden State Warriors player Stephen Curry. A report by Morgan Stanley analysts said the footwear and international sales numbers suggest that Under...

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