Stock Track | Under Armour Plunges 13.27% in Pre-market Ahead of Quarterly Earnings Report
Stock Track
May 12
Under Armour's stock experienced a significant pre-market decline of 13.27% on Tuesday, as investors reacted ahead of the company's scheduled earnings release.
The sportswear brand is due to post its fourth-quarter financial results today. According to earnings previews, Under Armour's fourth-quarter EPS is forecast at a loss of 7 cents, compared with a loss of 16 cents in the prior-year period, with adjusted EPS expected at a loss of 2 cents.
The pre-market plunge suggests investor apprehension regarding the upcoming earnings announcement, which serves as a key catalyst for stock price movement as market participants adjust their positions based on anticipated financial performance.
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