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Under Armour s Shares Sink After Forecast Misses Estimates
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Under Armour Boosts Earnings View on Cost Control; Shares Rise
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Under Armour Cuts Revenue Forecast on North America Concerns
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Under Armour Sued Over Claims About Rush Workout Fabric
Bloomberg 12/14/2020 Christian Berthelsen © Bloomberg Signage is displayed outside an Under Armour Inc. store on Michigan Avenue in Chicago, Illinois, U.S., on Tuesday, Feb. 11, 2020. Under Armour said its 2020 revenue would fall by a low-single-digit percentage and earnings for the year would be 10 cents to 13 cents a share, far below analysts estimates as compiled by Bloomberg.
(Bloomberg) Under Armour Inc.’s claims about performance-enhancing technology in its UA Rush line of workout wear are allegedly fraudulent, according to a would-be class-action lawsuit filed Monday in New York against the sports-apparel manufacturer.