Tuesday, October 25, 2016

As Under Armour stock tumbles, Kevin Plank says 'the growth remains intact'

Under Armour Inc. CEO Kevin Plank attempted to quash investor fears as the sportswear maker’s stock tumbled Tuesday, saying the company is still growing fast just not at a pace as previously projected. Despite a 28 percent increase in profit and 22 percent revenue growth in the third quarter, Under Armour’s stock dropped nearly 13 percent in midday trading. But the quarterly revenue increase was Under Armour’s slowest in six years. At its 2015 Investor Day, Under Armour announced goals of achieving…



from http://www.bizjournals.com/baltimore/news/2016/10/25/as-under-armour-stock-tumbles-kevin-plank-says-the.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/152299471422

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