Under Armour (UAA) reports sales below Wall Street estimates


The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.

Brandon Bell | Getty Images

Under Armour on Friday reported an unexpected loss and sales below analysts’ estimates as the company grappled with global supply chain challenges and Covid lockdowns in China.

Its shares fell more than 5% in premarket trading on the news.

Here’s how the company did in the three-month period ended March 31, compared with what Wall Street was anticipating, based on a Refinitiv survey of analysts:

  • Loss per share: 1 cent adjusted vs. earnings of 6 cents expected
  • Revenue: $1.3 billion vs. $1.32 billion expected

Find the full financial release from Under Armour here.

This story is…

Source cnbc.com

0 0 votes
Article Rating

Orsted moves forward with plans to grow corals on wind turbines

Previous article

EU nears oil embargo, Hungary and Slovakia want exemptions

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings