Under Armour took a loss in the first quarter that was almost double what Wall Street analysts expected as sales plummeted 23% in the first quarter because of Covid-19. The Baltimore-based sportswear maker reported a net loss of $590 million, or $1.30 per share, compared to a profit last year of $22.5 million, or 5 cents per share. Adjusting for the impact of a cost-cutting plan announced by the company in April, Under Armour’s loss was $152 million, or 34 cents per share. Under Armour expects…
from https://www.bizjournals.com/baltimore/news/2020/05/11/under-armour-reports-590m-loss-in-1q-as-sales.html?ana=RSS&s=article_search
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