MUST SEE By May 1: Beware Biden's Trojan Horse

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Regime Change At Federal Reserve?

Under Armour: Quarterly Earnings Snapshot

By PHILIPP-MORITZ JENNE
May 06, 2022

BALTIMORE (AP) -- Under Armour Inc. on Friday reported a loss of $59.6 million in the first three months of the year.

On a per-share basis, the Baltimore company had a loss of 13 cents for the quarter ended March 31. Losses, adjusted for restructuring costs, came to 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The sports apparel company posted revenue of $1.3 billion in the transition period, also missing Street forecasts. Ten analysts surveyed by Zacks expected $1.33 billion.

As announced in February 2021, Under Armour changed its fiscal year from December 31 to March 31. Following a three-month transition period (January 1 - March 31, 2022), Under Armour's fiscal year 2023 will run from April 1, 2022, through March 31, 2023. As a result, there will be no fiscal year 2022.

Under Armour expects full-year 2023 earnings in the range of 63 cents to 68 cents per share.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UAA at https://www.zacks.com/ap/UAA

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This story has been corrected to show that the latest period was "transitional," not the fourth quarter.

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