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Why Is Sportswear Company Under Armour Stock Tanking Today?

By Shivani Kumaresan
May 16, 8:40 AM
Under Armour shares are plunging following the company's gloomy guidance. In Q4 FY24, sales declined 4.9% to $1.33 billion, meeting estimates. Wholesale revenue dropped 7%, and direct-to-consumer revenue remained flat. Despite a gross margin expansion of 170 basis points to 45%, the company reported an operating loss of $3.5 million. FY25 revenue is projected to decline at a low-double-digit percentage rate.

UA

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VEON Posts 6.6% Revenue Growth In Q1 Driven By Digital Operator Strategy: Details

By Shivani Kumaresan
May 16, 8:26 AM
VEON reported first-quarter FY24 sales growth of 6.6% year-on-year to $942 million. Total digital monthly active users surged 40%. The company's 4G subscribers grew 10.6% Y/Y to 97.4 million, representing a 61.7% customer base penetration. VEON anticipates FY24 local currency revenue growth of 16%-18% and EBITDA growth of 18%-20%.

VEON

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Wall Street Eyes Breather After Record Run As Walmart Earnings, Fed Speakers In Focus: Analyst Banks Hopes On Nvidia Print, H2 Rate-Cut

By Shanthi Rexaline
May 16, 6:53 AM
Stocks may take a breather after Wednesday’s record run, fueled by a mild consumer price inflation report, with index futures holding relatively steady in early trading.

AMAT