Wednesday, October 26, 2016

Kevin Plank on fall in Under Armour stock price: 'We don't get credit unless we win'

Under Armour Inc. CEO Kevin Plank went on the defensive Wednesday, saying he is unwilling to prioritize the company’s short-term profits over long-term growth. Plank’s comments on CNBC come a day after Under Armour stock fell 13 percent as it reported tighter margins and slower revenue growth than previously projected. The stock is down another 3 percent in midday trading Wednesday, and was downgraded by several Wall Street firms. During the interview, Plank addressed concerns about a slowdown…



from http://www.bizjournals.com/baltimore/news/2016/10/26/kevin-plank-on-fall-in-under-armour-stock-price-we.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/152346288997

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