Under Armour profit soars in 1Q on apparel Stephen...

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Under Armour Inc.’s first-quarter profit soared 63 percent, boosted by strong apparel and footwear sales and prompting the company to raise its outlook for the year. The Baltimore-based sportswear maker reported net income of $19 million, or 4 cents per share, during the quarter. That compares with a profit of $12 million, or 3 cents per share, in the prior-year period. Revenue increased 30 percent to $1.05 billion, up from $805 million a year ago. Under Armour’s (NYSE: UA) first-quarter report…