Under Armour Shares Slide As Weak Holiday-Quarter Forecast Raises Turnaround Concerns
Under Armour beat Q2 revenue estimates, but sales and profits fell. Weak outlook, margin pressure and restructuring costs weighed on shares.
Under Armour made more money than people thought, but sales are shrinking. The company warned that the busy holiday season looks weak, which makes people worried about whether their turnaround plan will work.
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