Why Under Armour Stock Plunged on Tuesday

Key Takeaways Under Armour reported that the expenses for its restructuring plan will be much more than first believed. The athletic apparel maker now sees its pre-tax restructuring and related charges in the range of $140 million to $160 million, well above the initial forecast of $70 million to $90 million. The higher charges led Under Armour to cut its full-year outlook. Under Armour (UAA) shares sank in intraday trading Tuesday, a day after the athletic apparel maker warned that the costs of its fiscal ...