Under Armour Inc (NYSE:UAA) shares jumped more than 18 percent this morning after the company posted revenue of $1.37 billion for the fourth quarter that beat analysts forecast of $1.31 billion, amid strong demand for its footwear and apparel. Q4 revenue was up 4.6 percent from the same period last year.
The Baltimore-based company posted a loss of $87.9 million, or 20 cents per Class C share in the latest quarter, as compared to earnings of $103.2 million, or 23 cents per share in the year-ago quarter. However, adjusted earnings matched analysts’ average estimate.
Himax Technologies Inc. (NASDAQ:HIMX) stock plummeted more than 9 percent in the early trading on Tuesday after the company posted its financial results for the fourth quarter that fell short of analysts’ estimates.
The Taiwan, Taiwan-based company reported earnings of 14 cents per share on $181.1 million. Comparatively, analysts were looking for earnings of 15 cents and $185.9 million in revenue.
GNC Holdings Inc (NYSE:GNC) shares climbed more than 30 percent on Tuesday morning following the news that the company has inked a strategic partnership and joint venture deal with China-based Harbin Pharmaceutical Group, which is a leading pharmaceutical firm.
Hayao will make an investment of nearly $300 million in GNC, as per agreement, becoming the single biggest stakeholder in the Pittsburgh, Pennsylvania-based company. Additionally, both the companies have decided to form a mutual venture for the making, marketing and distribution of GNC-branded goods in the world most populous country.