Under Armour Class C Stock News

Supply chain issues will pressure growth in 2022.

Stocks slipped on Friday as investors tried to determine the next step for the Federal Reserve amid the highest inflation in decades. The Dow Jones Industrials shed 10.4 points to 35,231.19. The S&P 500 slipped 15.52 points to 4,488.56 The NASDAQ fell 99.11 points to 14,086.53. Semiconductor stocks, which have been volatile in part due to supply chain issues caused by COVID, were underperformers on Friday. Shares of Advanced Micro Devices and Xilinx dipped more than 4%. In earnings news, shares of Newell Brands jumped 8.8% after the company beat estimates on the top and bottom lines for the fourth quarter. Shares of Under Armour dropped 9.9% after the apparel company highlighted supply chain issues in its quarterly report. Shares of Zillow rallied strongly, rising 11% the day after the real estate website operator posted a surprise profit of $1.07 against an expected loss of 42 cents per share. Travel stock Expedia rose 4% after the company beat earnings expectations and said that bookings were improving as the omicron variant wave fades.

The Nasdaq turned lower during the mid-day session, with the tech-laden index falling 100 points on Friday. Midway through trading Friday, the Dow traded up 0.30% to 35,348.00 while the NASDAQ fell 0.74% to 14,081.23. The S&P also rose, gaining, 0.01% to 4,504.20. Check out this: Executives Sell Around $44M Of 5 Stocks Leading and Lagging Sectors Energy shares climbed 1.8% on Friday. Meanwhile, top gainers in the sector included NGL Energy Partners LP (NYSE: NGL ), up 11% and Precision Drilling Corporation (NYSE: PDS ) up 11%. In trading on Friday, information technology shares tumbled by 0.6%. Top Headline Under Armour, Inc. (NYSE: UAA ) reported better-than-expected earnings for its fourth quarter. Under Armour reported quarterly earnings of $0.14 per share, beating analysts estimates of $0.07 per share. The companys quarterly sales came in at $1.50 billion, versus expectations of $1.48 billion. Equities Trading UP Orphazyme A/S (NASDAQ: ORPH ) shares shot up 18% to $2.4100 as the company issued an update for planned NDA resubmission for arimoclomol for the treatment of Niemann-Pick disease type C in the United States.

Under Armour Inc. (NYSE: UAA) Q4 2021 earnings call dated Feb. 11, 2022 Presentation: Operator Good day and thank you for standing by. Welcome to the Under Armour Fourth Quarter [] The post Under Armour Inc. (UAA) Q4 2021 Earnings Call Transcript first appeared on AlphaStreet .

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Friday Market Open) Equity index futures were pointing to a slightly lower open as investors digest the new interest rate narrative, but they moved higher in premarket trading. Thursdays hotter than expected Consumer Price Index (CPI) and comments by St. Louis Federal Reserve President James Bullard sent both stock and bond markets downward on a day where there appeared to be no safe harbors. However, its a new day, and investors appear to be open to a new narrative. CPI Deflates Stocks On Thursday, the bulls were holding their own after a hotter-than-expected Consumer Price Index (CPI) reported inflation grew 0.6% month over month, which was above the expected 0.5%. It also grew at 7.5% year over year, which was also above the forecasted 7.3%. Economists were hoping for some easing in inflation with the holidays well behind us, but these were the hottest numbers since February 1982.

Wall Street''s main indexes were mixed on Friday as investors digested hot inflation data that caused a sharp selloff in the previous session on fears about quicker interest rate hikes. Eight of the 11 major S&P 500 indexes advanced, with energy stocks rising 1.8%, helped by an uptick in crude prices after the International Energy Agency (IEA) said oil markets were tight. Banks also rose 0.9%, but technology and consumer discretionary indexes, which include some high-growth names including Amazon and Microsoft , slipped. The S&P 500 and the Dow fell more than 1% on Thursday, while the tech-heavy Nasdaq slumped 2% after data showed consumer prices surged 7.5% in January, marking the biggest annual increase in 40 years. Further, St. Louis Fed Bank President James Bullard, a voter on the Fed''s rate-setting committee this year, told Bloomberg News on Thursday he wants a full percentage point of rate hikes over the next three policy meetings. "We''ve got some element of calm coming into the market, that''s the digestion of the news," said Seeema Shah, chief strategist at Principal Global Investors. "The Fed doesn''t want to send an alarm signal, they want to look like they have a stable grip on the situation, and not send everyone running around." The inflation data and subsequent comments from Bullard drove investors to ramp up bets of rate hikes this year.

NEW YORK , Feb. 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SENS, PRQR, SRGA, ASTR, and UAA. … Full story available on Benzinga.com

The athletic apparel retailer is brushing off a fourth-quarter earnings and revenue beat

Under Armour had a generally positive earnings report today, spoiled by a bleak supply chain outlook. Why are investors selling UAA stock?

Under Armour on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain.

Under Armour Inc (NYSE: UAA ) reported fourth-quarter FY21 sales growth of 9% year-on-year, to $1.53 billion, beating the analyst consensus of $1.47 billion. Wholesale revenue increased 16% Y/Y to $768 million, and direct-to-consumer revenue rose 10% to $720 million. Apparel revenue grew 18% Y/Y, Footwear climbed 17%, while Accessories revenue … Full story available on Benzinga.com

Yahoo Finance's Julie Hyman and Brian Sozzi discuss how stocks opened, Under Armour stock declining with supply chain challenges, and Zillow cutting its workforce after reporting lower revenue.

Higher inflation chilled trading on Thursday and carried over into Friday''s premarket session.