Under Armour’s Q1 profit matches Street projections

Under Armour Inc. on Wednesday reported fiscal first-quarter profit of $7.7 million. The Baltimore-based athletic apparel company said it had profit of 2 cents per share and earnings, adjusted for non-recurring costs, came to 3 cents per share. The results matched Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.