Under Armour posts higher profits

Under Armour, buoyed by sales of the company’s Curry 6 and other top items, was able to reduce its inventory levels 12 percent in the last quarter, enabling it to reduce discounts and raise profits. The athletic wear brand reduced its online markdowns between 10 and 20 percent during the quarter, according to analysts at William Blair. Under Armour’s share price rose 2.7 percent in early trading on the news.