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Under Armour posted better-than-expected revenue on Monday and the stock is surging in pre-market trading.
The company is undergoing a transformation as it seeks to reverse declining sales.
Shares - Armour - % - Tuesday - Opening
Shares of Under Armour are up more than 12% ahead of Tuesday's opening bell after the company posted better-than-expected fourth-quarter revenue.
The Baltimore-based athletic brand said it brought in $1.365 billion in revenue to close out 2017, 3.8% more than expected. However, it posted no profit on a per share basis, missing the $0.03 that Wall Street was anticipating.
Company - Tax - Hit - Stemming - Tax
The company also disclosed a one-time tax hit of $39 million stemming from the recently updated tax law, as well as two additional restructuring charges of $110 million and $130 million this year related to the closing of facilities and termination of...
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