01:53 PM EDT, 08/08/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Under Armour ( UAA ) shares were up 19% in recent trading Thursday after the company raised its fiscal 2025 adjusted earnings outlook.

The company reported a fiscal Q1 loss of $0.70 per diluted share, swinging from earnings of $0.02 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.13.

Net revenue for the quarter ended June 30 was $1.18 billion, down from $1.32 billion a year earlier.

Analysts polled by Capital IQ expected $1.14 billion.

The company said it now expects fiscal 2025 adjusted earnings of $0.19 to $0.22 per share. That compares with $0.18 to $0.21 previously. Analysts surveyed by Capital IQ are looking for $0.20.

Price: 7.47, Change: +1.20, Percent Change: +19.06