Feb 6 (Reuters) – Sportswear maker Under Armour reported a smaller drop in third-quarter revenue than Wall Street estimates on Friday, as turnaround efforts to simplify product assortment helped stabilize demand during the key holiday season.
The company logged a 5% decline in revenue to $1.33 billion for the quarter ended December 31, compared to analysts’ estimate of a 6.3% drop to $1.31 billion, according to data compiled by LSEG.
(Reporting by Savyata Mishra in Bengaluru; Editing by Arun Koyyur)
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