09:28 AM EST, 11/07/2024 (MT Newswires) -- Under Armour ( UAA ) reported fiscal Q2 earnings Thursday of $0.39 per diluted share, up from $0.23 a year earlier.

Analysts polled by Capital IQ expected $0.18.

Net revenue for the quarter ended Sept. 30 was $1.40 billion, down from $1.57 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.38 billion.

The company said it expects fiscal Q3 adjusted net income per diluted share of $0.02 to $0.04.

Analysts surveyed by Capital IQ expect normalized EPS of $0.03.

Under Armour ( UAA ) also said it now expects fiscal 2025 adjusted net income per diluted share of $0.24 to $0.27, compared with $0.19 to $0.22 anticipated previously.

Analysts polled by Capital IQ expect normalized EPS of $0.23.

The company's shares were up 16% in recent Thursday premarket activity.