Under Armour Analysts Slash Their Forecasts After Q1 Results
1. UAA's revenue fell 4% YoY to $1.13 billion, below estimates. 2. GAAP net loss of $3 million; adjusted EPS grew slightly from last year. 3. Q2 revenue outlook predicts $1.055-$1.066 billion, falling short of expectations. 4. Analysts slashed price targets for Under Armour post-earnings announcement. 5. Shares dropped 4.1% to $5.22 following disappointing results.