Under Armour’S Net Income Plunges In Quarter

2008-05-05T00:00:00

The company blames lowered margins and increased expenses for a 70.7 percent fall in net income in the first quarter of the year to $2.9 million. Marketing costs for the period were 17.8 percent of revenues, an increase over last year’s 11.1 percent, but they are expected to average 12-13 ...

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