Coronavirus sends Under Armour's quarterly revenue tumbling 23%

Net revenue fell to $930.2 million from $1.20 billion

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(Reuters) - Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.

The company reported a net loss of $589.7 million, or $1.3 per share, in the first quarter ended March 31, compared with a profit of $22.5 million, or 5 cents per share, a year earlier.

TickerSecurityLastChangeChange %
UAAUNDER ARMOUR INC16.86-0.15-0.88%

Net revenue fell to $930.2 million from $1.20 billion.

ANOTHER RETAILER FILES FOR BANKRUPTCY

(Reporting by Nivedita Balu in Bengaluru; Editing by Tomasz Janowski)

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