|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||-0.58|
|PE Ratio (TTM)||2,000.75|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When the best thing you can say about your quarter is that it could have been worse, you can't be shocked when investors run from your stock.
The cover story in this weekend's Barron's suggests ways investors can play the shifting retail landscape. Other featured articles discuss why utility stocks still make sense and how a climate scientist ...
Under Armour stock is headed for a nearly two-year low after quarterly earnings show continued troubles in North America
Under Armour (UAA) reported a smaller-than-expected quarterly loss while revenue came in just below views. Before Tuesday's open, Under Armour stock fell sharply. Under Armour Earnings Estimates: Wall Street expected Under Armour losses to narrow from 8 cents to 5 cents, according to Zacks Investment Research. Revenue had been seen inching up 2% to $1.2 billion. Results: Under Armour lost...
Under Armour (UAA) stock was down 12.2% at 1:12 PM ET today after it lowered its 2019 revenue outlook for its North American business.
U.S. stocks slid on Tuesday after a fresh warning from President Donald Trump to China pressured technology shares, while investors speculated the scale of an interest rate cut at the end of the Federal Reserve's policy meeting. Apple Inc's results after markets close will paint a clear picture of the impact of trade tensions with China.
Under Armour has also been opening more company-owned stores and beefing up its online business, but the strategy failed to deliver in the quarter, with North America sales falling 3%. In contrast, Nike reported a 7% rise in sales from the region in the last reported quarter. Chief Operating Officer Patrik Frisk said in a post earnings call that while more customers visited its app and website, that did not translate into sales.
U.S. stocks dipped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into optimism that drove markets to record highs last week. Apple Inc's results after markets close will paint a clear picture of the impact of trade tensions with China.
U.S. stocks dropped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into optimism that drove markets to record highs last week. The S&P 500 technology sector fell 0.62%, with Apple Inc's 0.84% drop weighing the most on the index. Wall Street's main indexes have had a slow start to the week, retreating on Monday, and participants are bracing for what message the Fed will send if it pushes ahead with a well-telegraphed move to ease policy that has driven stocks higher since May.
The athletic-wear and shoe company reported less revenue than Wall Street expected. Sales in North America fell short as well.
(Bloomberg) -- Under Armour Inc. plunged as much as 20% after it warned that its all-important North American region continues to struggle amid a dragging transition toward more full-price sales.The company projected a “slight decline” in full-year North American revenue, with total revenue still expected to rise 3% to 4% on a stronger-than-expected increase in international sales.The athletic-gear brand is mired in a difficult transition away from heavy discounting, part of a corporate revamp that’s “two quarters into a five-year plan,” Chief Financial Officer Patrik Frisk said on a conference call Tuesday.The shares took their worst tumble since October 2017, falling as low as $22.05. The stock had been rising steadily since January, up 55% through Monday.North America remains a critical area of focus for investors. Domestic sales are a large majority of the company’s business, and while a second-quarter dip in the region was expected, investors saw the warning of further declines as ominous.Gross margin expanded for the fourth consecutive quarter. Coupled with shrinking inventory, which remains at a three-year low, those metrics indicate that the company is achieving Chief Executive Officer Kevin Plank’s goal of becoming more efficient and selling more items at full price.“While we don’t think we’re in a perfect place yet, we’re in a better one,” Plank said on the conference call.Under Armour received praise in May from two of its biggest retail partners, when executives at Dick’s Sporting Goods Inc. and Kohl’s Corp. lauded the brand’s sales growth. That hasn’t convinced everyone. Susquehanna Financial Group analyst Sam Poser said last week that his firm’s research says some major retailers plan to downscale their Under Armour purchases by double-digit percentages.Under Armour’s second-quarter loss was 3 cents a share excluding items, the Baltimore-based company said Tuesday, better than analyst estimates of a 5-cent loss. Sales of $1.2 billion were in line with expectations.\--With assistance from Cécile Daurat and Karen Lin.To contact the reporter on this story: Eben Novy-Williams in New York at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards III, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Wall Street's main indexes were set to open lower on Tuesday, as worries about the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into the positive sentiment that drove markets to record highs last week. Initial price action pointed to losses of 0.4%-0.5% for the Dow Industrials and S&P 500, and a over a half percent fall for the Nasdaq, which included a dip in shares in Apple Inc ahead of its quarterly results later in the day.