Under Armour (UA, UAA) Cuts Earnings Guidance by 50 Percent

Under Armour Inc (NYSE: UA, UAA) stock crashed 13 percent to its lowest level in more than four years on Tuesday after the company aggressively cut its full-year earnings and revenue guidance. Under Armour has been dealing with slowing growth for roughly two years now, and the company’s third-quarter earnings report provided no indication of a near-term turnaround.