Under Armour Cuts Outlook Again And Shares Plunge

BALTIMORE (AP) — Under Armour is cutting its annual outlook again, sending shares plunging 12 percent before the opening bell.
The Baltimore company posted a profit of $54.2 million, or 12 cents per share, Tuesday. Earnings, adjusted for restructuring costs, came to 22 cents per share, which was actually 3 cents better than Wall Street had expected, according to a survey by Zacks Investment Research. Revenue of $1.41 billion, however, is shy of analyst projections for $1.49 billion.
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