Global fitness giant Under Armour announced this morning that it will be selling MyFitnessPal to investment firm Francisco Partners for $345 million, five and a half years after acquiring it for $475
Under Armour Inc. shares jumped 7% in premarket trade Friday, after the athletic apparel and goods maker beat earnings estimates for the third quarter despite the effects of the coronavirus pandemic.
Chief Executive Officer Patrik Frisk cited higher demand for the athletic apparel maker's products during the coronavirus pandemic, especially in North America.

Under Armour beats quarterly revenue estimates

06:59am, Friday, 30'th Oct 2020
Under Armour Inc beat quarterly revenue estimates on Friday, helped by online demand from shoppers looking for athletic apparel for home or outdoor workouts.
A new research note from J.P. Morgan predicts a convincing Q3 earnings beat for the sports apparel company.
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