Under Armour Inc. shares are down nearly 16 percent in pre-market trading Wednesday, after the sportswear maker reduced its sales and earnings outlook for the remainder of 2017 amid a continued challenging retail environment. The lower forecast comes as the company reported a third-quarter profit of $52.2 million, or 12 cents per share, down from $128.2 million, or 29 cents, in the year-ago quarter. The profit follows two consecutively quarterly losses for Baltimore-based Under Armour. Third-quarter…
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