Under Armour Turnaround Shows Resilience With Sales Beating (2)

Under Armour Inc. reported sales that topped Wall Street expectations, boosting the comeback bid of the sports gear brand.

Revenue in the company’s fiscal fourth quarter fell 11% to $1.2 billion. Analysts on average expected a decline of 13%.

Under Armour shares were little changed on Tuesday at 9:38 a.m. The stock had been down 25% this year through Monday’s close.

Chief Executive Officer Kevin Plank is trying to turn around the company he founded after returning to the role last year to restructure the business. That has been made more difficult weakening consumer sentiment and US President Donald Trump’s ...