We recently published a list of 10 Firms Hit Hard in Thursday’s Trading. In this article, we are going to take a look at where Under Armour, Inc. (NYSE:UAA) stands against other firms that hit hard in Thursday’s trading.
Shares of 10 companies were hit hard on Thursday, bucking a mostly optimistic broader market, as investor sentiment was dragged down by disappointing earnings performances and loss of key partnerships.
The Dow Jones was the sole decliner during the day, losing 0.28 percent in its valuation. In contrast, the S&P 500 and Nasdaq Composite both ended firmer, rallying by 0.36 percent and 0.51 percent, respectively.
This article details the reasons behind the 10 companies’ lackluster performance.
To come up with Thursday’s worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
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Under Armour, Inc. (NYSE:UAA) saw its share prices drop by 7.77 percent on Thursday to close at $7.6 apiece after posting disappointing earnings results for the third quarter of fiscal year 2025.
In an earnings presentation, the company’s net income for the quarter ending December 2024 fell by 99 percent to $1.2 million from the $110.75 million registered in the same period a year ago as net revenues dropped 6 percent to $1.4 billion versus $1.49 billion year-on-year.
In the first nine months alone, Under Armour (NYSE:UAA) swung to a net loss of $133.8 million versus a $225-million net profit in the same period year-on-year as net revenues declined by 8.9 percent to $3.98 billion from $4.37 billion.
By country segment, only the Europe, Middle East, and Africa (EMEA) region registered strength, with net revenues for the quarter and nine months up by 4.9 percent and 1.3 percent, respectively.
Net revenues from Latin America fell by 15.5 percent for the quarter, as well as with North America, by 7.8 percent, and Asia Pacific, by 5.1 percent.
Overall, UAA ranks 10th on our list of firms that hit hard in Thursday’s trading. While we acknowledge the potential of UAA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UAA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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