Why Under Armour Shares Are Falling Today
Under Armour Inc (NYSE: UA ) shares are trading lower Friday in sympathy with Nike Inc (NYSE: NKE ), which fell after the company reported first-quarter financial results. NKE Q1 Revenue: $12.7 billion beat estimates of $12.27 billion NKE Q1 EPS: 93 cents beat estimates of 92 cents First-quarter revenue was up 4% year-over-year, but earnings fell 20%. The Nike Brand Digital business jumped 23%, driven by double-digit growth in EMEA, North America and APLA, partially offset by declines … Full story available on Benzinga.com
Why Under Armour Shares Are Falling Today
Under Armour Inc (NYSE: UA ) shares are trading lower Friday in sympathy with Nike Inc (NYSE: NKE ), which fell after the company reported first-quarter financial results. NKE Q1 Revenue: $12.7 billion beat estimates of $12.27 billion NKE Q1 EPS: 93 cents beat estimates of 92 cents First-quarter revenue was up 4% year-over-year, but earnings fell 20%. The Nike Brand Digital business jumped 23%, driven by double-digit growth in EMEA, North America and APLA, partially offset by declines … Full story available on Benzinga.com