Under Armour Inc. shares rose 16% Friday after the sportswear maker reported a $183 million loss in the second quarter and saw sales fall 41% due to the Covid-19 pandemic, outperforming expectations. Baltimore-based Under Armour’’s loss in the second quarter was more than 10 times greater than the year-ago period. Adjusting for a restructuring plan announced earlier this year, Under Armour’s loss was $141 million, or 31 cents per share, compared to $17 million, or 4 cents per share, in the prior-year…
from https://www.bizjournals.com/baltimore/news/2020/07/31/under-armour-sales-fall-41-percent-due-to-covid-19.html?ana=RSS&s=article_search
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