Under Armour reports earnings gain, beats Wall St. estimates

Sports apparel maker Under Armour Inc. reported a 7 percent gain in second-quarter earnings Tuesday, beating Wall Street estimates as new offerings in women's apparel and footwear helped drive sales increases. Net income increased 7 percent to $7 million, or 6 cents per share, in the quarter that ended June 30, compared with $6 million, or 6 cents per share, in the second quarter of 2011, the Baltimore company said. Earnings per share reflected a two-for-one stock split, the company's first, distributed July 9. The company saw net revenues jump 27 percent to $369 million, compared with revenues of