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 positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business