(Reuters) – Under Armour beat market expectations for first-quarter revenue on Tuesday, as discounts spurred demand for the sportswear maker’s clothes and footwear.
The apparel firm’s quarterly revenue fell to $1.32 billion from $1.35 billion a year ago, but beat analysts’ average estimate of $1.30 billion, according to Refinitiv data.
(Reporting by Juveria Tabassum and Granth Vanaik in Bengaluru; Editing by Milla Nissi)
