08:09 AM EST, 02/06/2025 (MT Newswires) -- Under Armour ( UAA ) reported fiscal Q3 adjusted net income Thursday of $0.08 per share, down from $0.19 a year earlier.

Analysts polled by FactSet expected $0.03.

Net revenue in the three months ended Dec. 31 was $1.40 billion, compared with $1.49 billion a year earlier. Analysts surveyed by FactSet expected $1.34 billion.

For fiscal 2025, the company raised its adjusted earnings outlook to $0.28 to $0.30 per diluted share from the previous expectation of $0.24 to $0.27. Analysts surveyed by FactSet expect $0.28.

The company said it expects fiscal 2025 revenue to decline by approximately 10% compared with the prior forecast of a low double-digit percentage decline. Analysts surveyed by FactSet expect $5.10 billion.

The company's shares were up 5% in recent premarket activity.