Ecommerce growth drives Under Armour's holiday quarter sales

For the fourth quarter, Under Armour revenue was down 3 percent to 1.4 billion dollars. The company said, wholesale revenue decreased 12 percent to 662 million dollars and direct-to-consumer revenue increased 11 percent to 655 million dollars, driven by 25 percent growth in ecommerce. Net income for the quarter was 184 million dollars, while adjusted net income was 55 million dollars and diluted earnings per share were 40 cents, while adjusted diluted earnings per share were 12 cents.