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Shares of Under Armour Inc. UA, -0.13% jumped after hours on Wednesday after the athleisure-gear maker said Kevin Plank would return to the role of chief executive on April 1. Plank, who founded Under Armour in 1996 and served as chief executive from 1996 to 2019, will succeed Stephanie Linnartz, who is stepping down from that role and as a member of the board.

Kevin Plank returns as Under Armour CEO, Mohamed El-Erian named board chair

Sports apparel and footwear company Under Armour Inc. (NYSE: UAA) gave shareholders a shot of optimism with its fiscal Q3 2024 earnings release. The company is gaining traction with its turnaround plan thanks to margin expansion and direct-to-consumer (DTC) business growth.

Under Armour (UA, UAA) posted third-quarter earnings with mixed results as the apparel company just missed out on top-line expectations, but beat bottom-line estimates with an adjusted EPS of $0.19 per share. In the company's filing, Under Armour is projecting sales to fall by 3-4% for the full fiscal year, highlighting the slump in sportswear.Morningstar Equity Analyst David Swartz joins Yahoo Finance to discuss the challenges that Under Armour faces with sales, full-year guidance, and more.Swartz comments on the sportswear industry at large: "Now, this is not entirely Under Armour's fault, of course, because right now the sportswear market is pretty challenged.

Under Armour Inc (NYSE:UA) shares jumped early on Thursday after the sporting apparel retailer reported third-quarter profit ahead of expectations. Net income was down 6% at US$114.1 million for the three months to December, falling from US$0.27 to US$0.26 per share, Under Armour reported on Thursday.

Under Armour delivered a mixed set of results for its 2023 holiday quarter after it saw slow sales in its wholesale channel and soft demand in North America.

The sports apparel company posts third-quarter adjusted earnings of 19 cents a share, topping Wall Street estimates of 11 cents.

Under Armour Inc is trading down in premarket on Thursday after reporting mixed results for its third financial quarter. Investors are concerned also because the management issued muted guidance for the future.

Under Armour Inc.'s stock UA, -1.84% rose 3% early Thursday, after the sporting apparel company beat profit estimates for its fiscal third quarter to offset revenue that came up short. The Baltimore-based company had net income of $114.1 million, or 26 cents a share, for the quarter, compared with $121.6 million, or 27 cents a share, in the year-earlier period.

On two occasions last year, Under Armour, Inc. NYSE: UAA came within pennies of recovering to the $10.00 level. In 2024, the third time may not only be the charm but also unleash an extra large comeback for the downtrodden active apparel marker.