Under Armour Shares Plummet After Q1 Results Miss Estimates, S&P 500 Edges Higher Amid Mixed Trading

The S&P 500 traded higher, with the Dow and NASDAQ also rising. Communication services shares jumped 1%, while real estate stocks fell 0.1%. Under Armour's Q1 results met internal expectations but missed Wall Street estimates, causing its stock to tumble 22%. The company expects Q2 revenue between $1.055 billion and $1.066 billion, well below the analyst estimate.

U.S. stocks traded higher midway through trading on Friday, with the Nasdaq Composite gaining over 150 points. The Dow traded up 0.54% to 44,205.48, while the NASDAQ gained 0.91% to 21,435.04. The S&P 500 also rose, gaining 0.78% to 6,389.36 [1].

Communication services shares jumped by 1% on Friday, while real estate stocks fell by 0.1% [1].

Under Armour, Inc. (UAA) stock dipped around 22% on Friday after the company reported first-quarter fiscal 2026 results that met or exceeded internal expectations but missed Wall Street estimates [1]. Revenue declined 4% year over year to $1.13 billion, falling short of the $1.154 billion consensus estimate. The company reported a GAAP net loss of $3 million, or 1 cent per diluted share, and adjusted net income of $9 million, or 2 cents per share, up from 1 cent a year ago [1].

For the second quarter of fiscal 2026, Under Armour expects revenue between $1.055 billion and $1.066 billion, well below the $1.374 billion analyst estimate. Adjusted diluted earnings per share are projected to range from 1 to 2 cents, compared to the 28 cents consensus [1].

Shares of LegalZoom.com Inc. (LZ) and MEDIROM Healthcare Technologies Inc. (MRM) were also up, gaining 41% and 48% respectively, after reporting better-than-expected second-quarter financial results and issuing third-quarter sales guidance above estimates [1].

BioVie Inc. (BIVI) and Fundamental Global Inc. (FGF) shares were down, falling 43% and 48% respectively, after reporting the pricing of $12 million public offering and filing for $5 billion shelf registration [1].

In commodity news, oil traded up 0.3% to $64.07 while gold traded up 1% at $3,488.60. Silver traded up 0.7% to $38.575, and copper rose 1.4% to $4.4580 [1].

European shares were mostly higher today, with the eurozone's STOXX 600 rising 0.21%, while Spain's IBEX 35 Index gained 1.02%. London's FTSE 100 fell 0.08%, Germany's DAX 40 declined 0.01%, and France's CAC 40 rose 0.246 during the session [1].

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 1.85%, Hong Kong's Hang Seng declining 0.89%, China's Shanghai Composite declining 0.12%, and India's BSE Sensex falling 0.95% [1].

Under Armour's earnings surprise of -33.33% for the quarter ended June 2025 compared to the Zacks Consensus Estimate of $0.03 per share [2]. The company has posted revenues of $1.13 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.20% [2].

The company expects Q2 revenue between $1.055 billion and $1.066 billion, well below the $1.374 billion analyst estimate [1]. Adjusted diluted earnings per share are projected to range from 1 to 2 cents, compared to the 28 cents consensus [1].

References:
[1] https://www.benzinga.com/markets/market-summary/25/08/47006976/sp-500-moves-higher-under-armour-shares-tumble-after-q1-results
[2] https://finance.yahoo.com/news/under-armour-uaa-misses-q1-120501411.html