Under Armour on Tuesday reported better-than-expected earnings and revenue, but analysts wondered whether the first-quarter results were good enough.
"By most measures, this was a very good quarter," said Oppenheimer analyst Brian Nagel. "But I think the question is, is it good enough for the lofty expectations in the marketplace?"
The athletic apparel maker earned 5 cents per share, a penny above estimates.
But results were 13.4 percent below the year-ago period—hurt by higher costs related to the February acquisitions of two fitness tracking services, Endomondo and MyFitnessPal, for about $560 million.
Under Armour is attempting to carve a stronger presence in digital health monitoring to complement apparel sales.