Under Armour, Inc. (NYSE: UAA) reported first-quarter 2020 earnings results before the regular trading hours on Monday. The results were weaker than what analysts had anticipated.
Speaking on the impact of COVID-19 on the firm, CEO Patrik Frisk said, “Like so many businesses, we’ve had to make very difficult decisions, including temporarily laying off teammates in our U.S. retail stores and distribution centers along with other actions to ensure we protect Under Armour’s financial stability.”
UA shares fell 2% immediately following the announcement. The stock has declined 52% in the trailing 12 months.
The usage of artificial intelligence (AI) has accelerated rapidly in the fintech industry. Many insurance companies are using AI to compete with their competitors. These insurance companies use AI in
The COVID-19 pandemic brought several restrictions with it and led to shifts in consumer behavior in various aspects such as dining, shopping and entertainment. This is where digital payments came
Paychex (NASDAQ: PAYX) reported fourth quarter 2020 earnings results. Adjusted earnings of $0.61 per share and revenue of $915.1 million decreased year-over-year. However, the company's bottom and top-line results surpassed