Under Armour Inc. saw its profit exceed expectations in the fourth quarter as inventory continued to decline and international sales continued to grow. The Baltimore sportswear maker reported earnings of $4.2 million, or a penny per share. That’s compared to a $87.9 million loss, or 20 cents per share, in the prior-year quarter. Under Armour’s operating loss was $10 million. Adjusted for changes in the federal tax law and the impact of the company’s restructuring plan, Under Armour’s profit was…
from https://www.bizjournals.com/baltimore/news/2019/02/12/under-armour-4q-profit-beats-estimates-driven-by.html?ana=RSS&s=article_search
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