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UA - Under Armour Plunges on a Quadruple Whammy of Bad News
Under Armour Inc. Class C
Under Armour's (NYSE: UA)(NYSE: UAA) stock plummeted this week after the athletic footwear and apparel maker posted its third-quarter earnings Monday. At first glance, its headline numbers looked stable. UA's revenue dipped 1% annually to $1.43 billion, beating estimates by $10 million, as its net income rose 36% to $102.3 million, or $0.23 per share -- which also beat expectations by four cents.
However, those headline numbers were overshadowed by four major problems: