Under Armour warns of margin hit as excess stock spurs discounts
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Under Armour (UAA) Shares Gain Despite Lowering Profit Outlook
August 3, 2022 3:58 PM EDTUnder Armour Inc (NYSE: UAA) (NYSE: UA) shares rose over 2% Wednesday after the company reported earnings, despite profit being in-line and revenue missing expectations.
The sports equipment company reported EPS of $0.03, in-line with the analyst estimate of $0.03, with revenue for the quarter coming in at $1.3 billion versus the consensus estimate of $1.34 billion.
The company's... More
