Sportswear company Under Armour Inc (NYSE:UA) withstood a few slings and arrows in pre-market trading after reporting a decline in second quarter earnings.
Net income more than halved to US$6.3mln, from US$14.8mln in the same period of last year, despite revenue rising to US$1bn from US$784mln.
Adjusted earnings per share were in line with market expectations of one cent.
"The strong broad-based results posted this quarter highlight the continued demand for the Under Armour brand around the world,” claimed Kevin Plank, chairman and chief executive of Under Armour.
“It also underscores the importance of diversifying our business and driving a sharper point of view with our consumers wherever they shop,” he continued.
“With the opening of 60 new international Under Armour stores so far this year, including doors on two new continents this quarter, our international business continues to expand and to resonate with the global athlete,” Plank said.