Under Armour reportedly borrowed business from future quarters in 2016 to hide slowing demand

. The two investigations were confirmed by Under Armour in early November, but the company has said that it has been cooperating with investigators since July 2017.

Under Armour said in a statement that the ongoing investigation constrains the company from addressing every allegation in the media. Under Armour's management and board of directors stand by its financial reporting, the company said. Under Armour shares were down less than 1% in premarket trading Friday. The stock has fallen 3% since the start of the year. It has a market value of $7.7 billion.We are aware of recent media coverage concerning Under Armour's business practices. As we have stated previously, we firmly believe that our disclosures and our accounting practices have been entirely appropriate.

Huh Check this out👇👇

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

US household debt rises in Q3, driven by student loans, mortgages - Business InsiderThe Fed also released a study showing student loan default rates in black-majority zip codes landing twice as high compared to white-majority areas.
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »

Walmart earnings beat estimates, shares rise on higher outlook ahead of holidaysWalmart beat Q3 estimates on Thursday and raised its annual earnings outlook for the second time this year ahead of the holiday season.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »