Under Armour profit falls in third quarter but beats Wall Street estimates

After coming through a mixed holiday season, Baltimore-based Under Armour said Thursday that its sales and profit fell in the third quarter. The sports apparel maker revised its estimates for the full year, saying revenue is expected to be down 3% to 4% instead of the previously anticipated 2% to 4% decline. Shares of Under Armour were up 10 cents in afternoon trading to $7.80 each.