Under Armour shares fall following weak outlook

April 21, 2015 1:12 PM

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A weaker-than-expected 2015 outlook drove shares of apparel maker Under Armour lower in premarket trading.

The maker of fitness apparel and equipment raised its full-year outlook modestly, saying it expects 23 percent growth in revenue to $3.78 billion, up from prior guidance of $3.76 billion. But analysts polled by FactSet expected more — $3.82 billion in revenue.

Also read: Goldman Sachs earnings: $5.08 a share vs. $4.82 estimate

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