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