UPDATE 1-Under Armour profit tops Wall Street for 9th straight time

Thu Jan 31, 2013 3:54pm EST
 
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* 4th-quarter profit $0.47/shr vs estimates $0.46

* Revenue $506 mln vs estimates $497.7 mln

* Expects full-year revenue of $2.20 bln-$2.22 bln

* Shares rise 8 pct

Jan 31 (Reuters) - Athletic apparel maker Under Armour Inc reported a higher-than-expected quarterly profit for the ninth straight time as customers scooped up its water-resistant clothing and new footwear products during the holiday season.

The company's shares rose as much as 8 percent on Thursday.

The maker of ColdBlack and the Armour Bra also forecast full-year revenue of between $2.20 billion and $2.22 billion, while analysts on average were expecting $2.22 billion.

"Top-line trends remain solid moving into full-year 2012. Apparel growth remains resilient with the 13th straight quarter of over 20 percent growth in the fourth quarter," Susquehanna Financial Group analyst Christopher Svezia said in a note.

Under Armour's apparel revenue rose 25 percent to $405 million in the fourth quarter, while footwear revenue jumped 43 percent to $45 million.   Continued...