Under Armour Inc.’s third-quarter profit rose 28 percent, bolstered by increases in footwear and international sales and topping Wall Street expectations. But shares of the company are down more than 15 percent in pre-market trading Tuesday as gross margins dropped from 48.8 percent a year ago to 47.5 percent in the quarter and the company reiterated its outlook for 2016. The Baltimore sportswear maker reported net income of $128.2 million, or 29 cents per share, during the quarter. That compares…
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