Under Armour develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company was founded in 1996 and is based in Baltimore, Maryland.
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Shares of sportswear maker Under Armour (NYSE: UA) (NYSE: UAA) went on a tear in Wednesday trading and were up 7.4% as of 2:15 p.m. EDT. The jump wasn't because of anything Under Armour did, but because of something its archrival Nike (NYSE: NKE) just did. Last night, Nike reported first-quarter 2021 earnings results that raced past expectations with $10.6 billion in revenue, which was down 1% year over year but still 16% ahead of analyst estimates.