Investigations overshadow Under Armour's performanceCompany reports strong quarter while accounting practices face scrutiny
Nov 05, 2019 - The San Diego Union-Tribune
Board and Executive Moves-Financial Results
Under Armour reported better-than-expected profit and revenue for the third quarter Monday, but shares fell 18 percent. Under Armour has aggressively sought major endorsement deals with professional sports leagues and star athletes.Christopher Dilts Bloomberg file Stephen B. Morton AP file
A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices.
The company also lowered its revenue expectations for the year Monday.
The probe, first reported by The Wall Street Journal, is seeking information that would reveal whether the sports gear maker shifted sales from one quarter to another to make its financial standing appear healthier....
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