U.S. Markets closed

Under Armour to cut 3 pct of workforce

Sept 20 (Reuters) - Sportswear maker Under Armour Inc said on Thursday it would cut about 3 percent of its global workforce as part of a restructuring plan.

The company said it now expects annual adjusted earnings of 16 to 19 cents per share, compared with its previous forecast of 14 to 19 cents.

The workforce cuts are expected to be completed by March 2019. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sai Sachin Ravikumar)