(Bloomberg) — For the past few months, Under Armour Inc. executives have promised that 2020 would be the coming-out party of a brand-new company, a shift from defense to offense after a multiyear restructuring and a change in leadership.Tuesday, they went back on the defensive. After revealing fourth-quarter results and 2020 projections that trailed analysts’ expectations, the company issued a sobering set of expectations for investors.Revenue in 2020 will trail the consensus estimate of $5.51 billion by a wide margin. The coronavirus could hurt sales by $60 million in the next few months, with more harm down the line. And …read more
Source:: Yahoo Finance
