Under Armour has announced an increase in its profit forecast, attributing the positive outlook to cost-saving measures. The company's revenue for the recent quarter fell 11% to $1.4 billion, slightly surpassing Wall Street expectations. This comes after several quarters of negative earnings reports. In a notable development, Under Armour's earnings per share (EPS) reached $0.30, exceeding the anticipated $0.20, while revenue was reported at $1.40 billion, marginally higher than the expected $1.39 billion. Following these announcements, shares of Under Armour ($UAA) surged, indicating investor optimism about the company's turnaround efforts.