Under Armour slashes its forecast for the rest of the year (UAA)

pulse

October 31, 2017 12:21 PM

Under Armour now sees full-year adjusted earnings per share of $0.18 to $0.20, well below its previous forecast of $0.37 to $0.40.

Under Armour beat on earnings, but missed on revenue.

"While our international business continues to deliver against our ambition of building a global brand, operational challenges and lower demand in North America resulted in third quarter revenue that was below our expectations," Under Armour Chairman and CEO Kevin Plank said in the earnings release. "Based on these issues in our largest market, we believe it is prudent to reduce our sales and earnings outlook for the remainder of 2017."

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