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Under Armour’s Shares Jump As Q1 Loss Less Than Feared

Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.

Amer Sports’ Q1 Earnings Slip

Said Heikki Takala, president and CEO, “In the first quarter, we delivered solid growth despite the soft retail landscape especially in the US.”

Under Armour Posts First Quarterly Loss

Under Armour Inc. reported its first quarterly loss as a public company with North American revenue declining slightly due to stores closed due to bankruptcies. Results still came ahead of Wall Street’s expectations and the company retained its guidance for the year.

West Marine Logs Q1 Loss

West Marine Inc. reported first quarter 2017 net revenues were $129.1 million, a decrease of 1.0 percent compared to the same period last year. Comparable store sales were flat.

Roka Partners With British Triathlon

Roka Sports Inc. and British Triathlon revealed a new partnership today that makes the Dallas-based performance multi-sport brand as the Official Swim Category Sponsor of British Triathlon.