Tuesday, February 11, 2020

Under Armour takes $15M loss in 4Q, expects sales to fall in 2020

Under Armour Inc. shares fell more than 11% in trading on Tuesday after the sportswear maker reported a loss in the fourth quarter and projected sales will decline in the new year. Baltimore-based Under Armour’s loss in the quarter totaled $15 million, or 3 cents per share, compared to a profit last year of $4.2 million, or 1 cent per share. Analysts polled by the Thomson Financial Network expected earnings of 10 cents per share. Sales in the fourth quarter were up 4% to $1.4 billion, significantly…



from https://www.bizjournals.com/baltimore/news/2020/02/11/under-armour-takes-15m-loss-in-4q-expects-sales-to.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190771632127

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