Under Armour forecasts 2019 revenue growth below estimates

Published:Thursday, December 13, 2018
Gearbest Gaming Mini PC Sales promotion
Gaming Mini PC Sales

Gearbest Global First Launch: $299.99 UMIDIGI Z2 PRO 4G Phablet - TWILIGHT promotion
Global First Launch: $299.99 UMIDIGI Z2 PRO 4G Phablet - TWILIGHT

Gearbest 2018 Vacuum Cleaner Series Sale: Huge Discounts! promotion
2018 Vacuum Cleaner Series Sale: Huge Discounts!

Gearbest First 2 units enjoy $164.99 for Teclast F5 Laptop 360° Rotating Touch Screen promotion
First 2 units enjoy $164.99 for Teclast F5 Laptop 360° Rotating Touch Screen

under-armour-forecasts-2019-revenue-growth-below-estimates

FILE PHOTO: An Under Armour logo is seen on a running shoe on display at an store in Chicago, Illinois, U.S., October 25, 2016. REUTERS/Jim Young/File Photo

(Reuters) - Under Armour Inc (UAA.N) on Wednesday forecast 2019 revenue growth and profit below analysts’ estimates, citing relatively flat results for North America, sending its share down about 11 percent.

The sportswear maker said it expected revenue to grow between 3 percent and 4 percent, while analysts had forecast a rise of 5 percent, according to IBES data from Refinitiv.

Reporting by Nivedita Balu in Bengaluru; Editing by Anil D'Silva

Leave your comment