Market Overview

Under Armour Sharply Lower After Mixed Q3 Report, Guidance Cut

Share:
Related
Study: Nike Is The Top Apparel Brand Among Gen Z, Millennials
JPMorgan Sheds Bearish Under Armour Stance As Retailer's Turnaround Continues
Key roles filled at Under Armour (Seeking Alpha)

Under Armour (NYSE: UAA) shares are trading lower by $2.90, or nearly 18 percent, at $13.51 in Tuesday's session.

The catalyst for the decline is a mixed Q3 report that revealed an EPS beat of 2 cents, but on lower sales by $74 million. The company halved its FY 2017 guidance.

Related: Under Armour's Weak Q3 Leaves Investors With 3 Concerns

After a much lower open, Under Armour did manage a slight bounce to $14.44 before continuing its move lower. It has continued to make new lows for the session with the current one standing at $13.41 as of 1:48 p.m. EST. That marks the lowest level for the stock since April 2013, when it bottomed at $12.57.

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

Related Articles (UAA)

View Comments and Join the Discussion!

Kellogg Pops After Q3 Beat

ETFs Locked And Loaded For Apple Earnings