Under Armour shares fall on mixed 2Q results
July 30, 2019
Shares of Under Armour fell 13 percent in premarket trading after the athletic wear brand lowered its sales forecast in North America to a slight decline. The company’s prior guidance projected “relatively flat” sales in 2019. Under Armour narrowed its loss during the second quarter to four cents, an improvement over a 21-cent decline during the same period last year.
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