Here's Why Under Armour Stock Is Getting Crushed Today
Shares of Under Armour (NYSE: UA)(NYSE: UAA) were down 13.7% and 12.5%, respectively, at 12:28 p.m. EDT on Tuesday, following the release of the company's second-quarter results this morning. At the open, shares were down more than 18%.
Under Armour reported revenue of $1.2 billion, slightly below expectations of $1.21 billion, and a net loss of $0.04 per share, a little better (less worse?) than the $0.05 loss Wall Street's prognosticators were expecting. So that's a mixed bag against analyst estimates.
Under Armour continues to stumble in North America. Image source: Getty Images.
Quelle Fool.com
