Shares of Under Armour may be seeing pressure after the apparel-maker’s rare earnings miss, but the company is doing just fine, said TheStreet’s Jim Cramer. Earnings, adjusted for one-time items, at the athletic-wear seller came in at 1 cent a share, narrowly missing Wall Street forecasts for 3 cents. Under Armour said it was hurt by 3 cents a share from liquidation sales at the now defunct Sports Authority. Under Armour continued to see strong sales gains in apparel, footwear and accessories despite a sluggish backdrop for consumer spending during the second-quarter. Sales growth was led by a 58% year-over-year increase for footwear, which continued to be fueled by solid interest in NBA star and Under Armour spokesman Stephen Curry’s basketball sneakers.
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