Under Armour shares fall after missing on third quarter revenue

  • 7 years ago
Under Armour had a rough start to Halloween after it's shares dropped 15 percent following a below-average earnings report for the third quarter. The company reported early Tuesday morning that it beat its expected earnings per share with $0.22 per share, but missed out on its expected revenue of $1.48 billion by almost $100 million. The results are likely due to the ongoing retail apocalypse with consumers shifting their shopping habits online.