Cramer: I still have hope for Under Armour despite its weak quarterly earnings

CNBC's Jim Cramer hasn't lost hope in Under Armour 's turnaround, despite Thursday's poor quarterly results and a grim outlook. "Under Armour is an incredibly popular brand but they're just not making a lot of money" Jim said Thursday on "Squawk on the Street.

Part of the grim outlook is related to Under Armour's announcement of a restructuring plan to strengthen the company's financial and operational efficiencies which is expected to "pressure out top and bottom line in the near term," CEO Kevin Plank said in the earnings release. The shakeup is also expected to include layoffs.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Jim Cramer's top 10 things to watch in the stock market TuesdayU.S. stocks are little changed Tuesday, with the Dow being held back by the post-earnings drop in Disney.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Jim Cramer's Market Statement Ignites Buzz in Crypto Community, Here's WhyCramer's latest statement is particularly noteworthy, given current uncertainty on market
Fonte: Utoday_en - 🏆 295. / 63 Consulte Mais informação »

What's driving this multiday rally, plus Jim Cramer's quick takes on 4 stocksEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »