- The sporting-apparel maker said it sees annual revenue growth of 7% from 2020 to 2023, versus the 5% to 8% increase that Wall Street analysts surveyed by Bloomberg were expecting.
- An analyst lowered her price target, citing "skepticism of the timeline of UAA's turn-around narrative following today's Investor Day."
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Under Armour is getting slammed after its investor day disappoints (UAA)
Shares of Under Armour dropped 10% Wednesday after the sporting-apparel maker posted a mediocre revenue guidance in the long term.
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- Under Armour is soaring after beating on profits and raising guidance
- Under Armour's next round of layoffs is protecting its business
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