Kevin Plank, founder and chief executive officer of Under Armour Inc., speaks during the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Friday, Jan. 6, 2017.
Patrick T. Fallon | Bloomberg | Getty Images
Under Armour on Tuesday morning reported mixed earnings, sending its shares down more than 5% in premarket trading.
Here’s what the company reported for its fiscal second quarter compared with what analysts were expecting, based on data pulled from Refinitiv:
- Adjusted loss per share: 4 cents vs. 5 cents expected
- Revenue: $1.192 billion vs. $1.199 billion expected
Last quarter, Under Armour proved it was cleaning up overflowing inventories of unsold sneakers and raised its annual profit outlook.
Under Armour shares have rallied more than 50% this year.
This is a developing story. Please check back for updates.