Under Armour stock plummets 14% after earnings miss and weak guidance

Under Armour Inc. UA, +1.00% UAA, +0.99% stock plummeted 14.8% in Tuesday premarket trading after the athletic apparel company reported fourth-quarter earnings and revenue that missed expectations and gave weak guidance. Net losses were $15.3 million, or 3 cents per share, after net income of $4.2 million, or a penny per share, last year. Revenue of $1.44 billion was up from $1.39 billion the previous year. The FactSet consensus was for EPS of 10 cents and revenue of $1.46 billion.

#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }

After China smartphone supply chain taking an obvious hit, the virus impact also starts to spread to impact non-tech production and supply chains. UnderArmour down 16% on slowdown, who is next?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lyft and Under Armour earnings, New Hampshire primary, Powell testimony: 3 things to watch for on TuesdayWe'll get earnings from Lyft and Under Armour, the New Hampshire primary and Federal Reserve chair Jerome Powell will testify to Congress on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Lyft and Under Armour earnings, New Hampshire primary, Powell testimony: 3 things to watch for on TuesdayWe'll get earnings from Lyft and Under Armour, the New Hampshire primary and Federal Reserve chair Jerome Powell will testify to Congress on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Burger King parent's stock rises on earnings beatPopeyes Louisiana Kitchen's chicken sandwich permanently returned in November.
Source: CNBC - 🏆 12. / 72 Read more »