Under Armour Inc. shares plunged more than 13% in pre-market trading after the sportswear maker reported its sales declined in the third quarter and the company lowered its revenue outlook for the full year. Baltimore-based Under Armour’s profit in the third quarter increased 36% to $102.3 million, or 23 cents per share, compared to $75.3 million, or 17 cents per share, in the prior-year quarter. Sales dropped 1% to $1.43 billion, compared to $1.44 billion in the year-ago quarter. The third quarter…
from https://www.bizjournals.com/baltimore/news/2019/11/04/despite-profit-increase-under-armour-shares-fall.html?ana=RSS&s=article_search
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