Under Armour Disappoints; How Will The Rest Of Athletic Apparel Earnings Pan Out?

Shares of Under Armour Inc UA were trading lower by more than 5 percent on Tuesday after the company reported its Q2 results.

Under Armour earned $0.01 per share in Q2 on revenue of $1.0 billion. Wall Street analysts were expecting the company to earn $0.02 per share on revenue of $995.14 million.

Net income for the quarter fell to $6 million from $15 million in the same quarter a year ago, even though the company saw growth in many key regions and categories.

Apparel net revenue rose 19 percent from a year ago to $613 million, footwear net revenue rose 58 percent to $243 million while accessories net revenue rose 21 percent to $101 million.

Related Link: Under Armour's Revenue Boosted By Strong Shoe Sales And Steph Curry

Who's On Deck?

Under Armour is the first major sportswear and apparel maker to report its earnings.

Lululemon Athletica inc. LULU is likely to report its second quarter 2016 (July ending) results before the market opens on September 8. Analysts are expecting the company to earn $0.38 on revenue of $514.17 million.

Nike Inc NKE's first quarter 2017 (August ending) earnings report should come on September 22 after market close. Analysts are expecting the company to report earnings of $0.56 per share on revenue of $8.88 billion.