Under Armour is getting slammed after its investor day disappoints (UAA)
Under Armour dropped 10% Wednesday after the company posted mediocre revenue guidance.
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."
Watch Under Armour trade live.Under Armour shares dropped 10%, to $19.87 apiece, on Wednesd
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