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2021-11-02
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Avis Budget and Under Armour shares popped after Q3 results surpassing estimates
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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1635865044,"share":"https://www.laohu8.com/m/news/1118038660?lang=&edition=full","pubTime":"2021-11-02 22:57","market":"us","language":"en","title":"Avis Budget and Under Armour shares popped after Q3 results surpassing estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1118038660","media":"Tiger Newspress","summary":"Avis Budget and Under Armour shares popped after Q3 results surpassing estimates.\nAvis Budget Popped","content":"<p>Avis Budget and Under Armour shares popped after Q3 results surpassing estimates.</p>\n<p>Avis Budget Popped 212% with multiple fuses in morning trading after Q3 earnings and revenues surpassing estimates.</p>\n<p>Avis Budget Group reported quarterly earnings of $10.74 per share which beat the analyst consensus estimate of $6.50 by 65.23 percent. This is a 850.44 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $3.00 billion which beat the analyst consensus estimate of $2.72 billion by 10.33 percent. This is a 95.63 percent increase over sales of $1.53 billion the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/4c71b87bff736a55318fcffbc8e63ac1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Under Armour shares spiked 17% on Q3 earnings beat, raised FY21 outlook.</p>\n<p><img src=\"https://static.tigerbbs.com/4eabceab0d600f93a674a77fe780a449\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li><b>Under Armour Inc</b> reported third-quarter FY21 sales growth of 7.9% year-on-year, to $1.55 billion, beating the analyst consensus of $1.48 billion.</li>\n <li>Wholesale revenue increased 10% Y/Y to $911 million, and direct-to-consumer revenue rose 12% to $604 million.</li>\n <li>Apparel revenue grew 14% Y/Y, Footwear climbed 10%, while Accessories revenue decreased 13%.</li>\n <li>The gross profit rose 15% Y/Y to $788 million, and the gross margin increased 310 basis points Y/Y to 51%.</li>\n <li>The operating margin expanded 700 basis points to 11.1%, and operating income for the quarter nearly tripled to $172 million.</li>\n <li>The company held $1.3 billion in cash and equivalents as of September 30, 2021. Cash provided by operating activities for the nine months totaled $209.8 million.</li>\n <li>Adjusted EPS of $0.31 beat the analyst consensus of $0.10.</li>\n <li><b>Outlook</b>: Under Armour raised FY21 sales growth outlook to about 25% Y/Y (prior view low 20% range).</li>\n <li>The company raised the FY21 adjusted EPS outlook to about $0.74 (prior view $0.50 - $0.52).</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Avis Budget and Under Armour shares popped after Q3 results surpassing estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvis Budget and Under Armour shares popped after Q3 results surpassing estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-02 22:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Avis Budget and Under Armour shares popped after Q3 results surpassing estimates.</p>\n<p>Avis Budget Popped 212% with multiple fuses in morning trading after Q3 earnings and revenues surpassing estimates.</p>\n<p>Avis Budget Group reported quarterly earnings of $10.74 per share which beat the analyst consensus estimate of $6.50 by 65.23 percent. This is a 850.44 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $3.00 billion which beat the analyst consensus estimate of $2.72 billion by 10.33 percent. This is a 95.63 percent increase over sales of $1.53 billion the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/4c71b87bff736a55318fcffbc8e63ac1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Under Armour shares spiked 17% on Q3 earnings beat, raised FY21 outlook.</p>\n<p><img src=\"https://static.tigerbbs.com/4eabceab0d600f93a674a77fe780a449\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li><b>Under Armour Inc</b> reported third-quarter FY21 sales growth of 7.9% year-on-year, to $1.55 billion, beating the analyst consensus of $1.48 billion.</li>\n <li>Wholesale revenue increased 10% Y/Y to $911 million, and direct-to-consumer revenue rose 12% to $604 million.</li>\n <li>Apparel revenue grew 14% Y/Y, Footwear climbed 10%, while Accessories revenue decreased 13%.</li>\n <li>The gross profit rose 15% Y/Y to $788 million, and the gross margin increased 310 basis points Y/Y to 51%.</li>\n <li>The operating margin expanded 700 basis points to 11.1%, and operating income for the quarter nearly tripled to $172 million.</li>\n <li>The company held $1.3 billion in cash and equivalents as of September 30, 2021. Cash provided by operating activities for the nine months totaled $209.8 million.</li>\n <li>Adjusted EPS of $0.31 beat the analyst consensus of $0.10.</li>\n <li><b>Outlook</b>: Under Armour raised FY21 sales growth outlook to about 25% Y/Y (prior view low 20% range).</li>\n <li>The company raised the FY21 adjusted EPS outlook to about $0.74 (prior view $0.50 - $0.52).</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UA":"安德玛公司C类股","UAA":"安德玛公司A类股","CAR":"安飞士"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118038660","content_text":"Avis Budget and Under Armour shares popped after Q3 results surpassing estimates.\nAvis Budget Popped 212% with multiple fuses in morning trading after Q3 earnings and revenues surpassing estimates.\nAvis Budget Group reported quarterly earnings of $10.74 per share which beat the analyst consensus estimate of $6.50 by 65.23 percent. This is a 850.44 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $3.00 billion which beat the analyst consensus estimate of $2.72 billion by 10.33 percent. This is a 95.63 percent increase over sales of $1.53 billion the same period last year.\n\nUnder Armour shares spiked 17% on Q3 earnings beat, raised FY21 outlook.\n\n\nUnder Armour Inc reported third-quarter FY21 sales growth of 7.9% year-on-year, to $1.55 billion, beating the analyst consensus of $1.48 billion.\nWholesale revenue increased 10% Y/Y to $911 million, and direct-to-consumer revenue rose 12% to $604 million.\nApparel revenue grew 14% Y/Y, Footwear climbed 10%, while Accessories revenue decreased 13%.\nThe gross profit rose 15% Y/Y to $788 million, and the gross margin increased 310 basis points Y/Y to 51%.\nThe operating margin expanded 700 basis points to 11.1%, and operating income for the quarter nearly tripled to $172 million.\nThe company held $1.3 billion in cash and equivalents as of September 30, 2021. Cash provided by operating activities for the nine months totaled $209.8 million.\nAdjusted EPS of $0.31 beat the analyst consensus of $0.10.\nOutlook: Under Armour raised FY21 sales growth outlook to about 25% Y/Y (prior view low 20% range).\nThe company raised the FY21 adjusted EPS outlook to about $0.74 (prior view $0.50 - $0.52).","news_type":1},"isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[],"lives":[]}
