First - quarter results from drugmaker Pfizer and
athletic apparel maker Under Armour disappointed Wall Street Tuesday.
It ain't that big a deal,» said Ball, the outspoken CEO of
athletic apparel maker Big Baller Brand.
Under Armour — Under Armour was upgraded to «hold» from «sell» at Deutsche Bank, which said several factors point to
the athletic apparel maker achieving its current quarter and full year earnings goals.
The athletic apparel maker said that it expects to report a steeper than expected loss for the current quarter as inventories remain high and sales here in the U.S. remain under pressure.
The Baltimore
athletic apparel maker did beat sales estimates, as strong growth in international and online business pushed revenue up 6 percent.
This incident which happened in February did not just send Under Armour into the growing list of «corporate victims of hacker attacks,» but plunged
its athletic apparel maker shares by 4.6 % in after - hours trade.
Not exact matches
Under Armour (UA) reported a 22 % jump in third - quarter net income Thursday, as the sports gear
maker notched sharply higher sales as more consumers turn to
athletic apparel and shoes for both functionality and fashion.
Outside experts say that Nike, which already generates about $ 5 billion annually from the running category, and other
athletic - gear
makers will almost certainly move toward selling more personalized footwear and
apparel in the years ahead.
Under Armour saw profit and sales soar in the first quarter, beating analysts» estimates, but the market punished the
athletic wear brand's stock, which fell more than 7 percent on Thursday.The Baltimore - based
apparel maker attributed its strong...