sports

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour Inc. (NYSE: UAA) said on Thursday that its restructuring program will now cost more than it previously expected: It plans to cut about 400 jobs, or about 3% of its global workforce, by March.Under Armour shares jumped nearly 7% in midda..

Dick’s Sporting Goods Misses Sales Expectations, Blames Under Armour

Dick’s Sporting Goods Misses Sales Expectations, Blames Under Armour

Shares of Dick’s Sporting Goods (NYSE: DKS) dropped more than 9% on Wednesday morning following a report that the retailer sold less merchandise during the second quarter than analysts were expecting.The sporting-goods retailer earned USD 1.20..

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts International (NYSE: MGM) announced on Monday it would partner with Britain’s GVC Holdings PLC (LON:GVC) to create a sports betting and online gambling platform in the US.The announcement of the 50-50 joint venture skyrocketed shar..

Nike Will Not Supply Iran's Soccer Team Ahead of World Cup

Nike Will Not Supply Iran's Soccer Team Ahead of World Cup

One week out from the World Cup and international tensions are rising as Nike Inc (NYSE: NKE), an American sportswear giant, said their cleats won’t be provided for the Iranian National team following the Trump administration’s plan to r..

Finish Line Reported Fourth-Quarter Results, Shares Drop

Finish Line Reported Fourth-Quarter Results, Shares Drop

On Thursday, the Finish Line, Inc. (NASDAQ: FINL), which is an athletic retailer, announced its financial results for the fourth quarter of 2018. Shares of the company dropped 1.7% in premarket trading on Thursday after the announcement.According to..

Lululemon Shares Jumps After Quarterly Results Top Analysts Estimate

Lululemon Shares Jumps After Quarterly Results Top Analysts Estimate

Lululemon Athletica Inc. (NASDAQ: LULU) on Tuesday announced fourth-quarter earnings and revenue that beat analysts’ estimates, sending its shares up more than 10 percent.The yoga apparel company said net revenue rose 18 percent to $928.8 mill..

Nike Shares Up After Earnings

Nike Shares Up After Earnings

NIKE, Inc. (NYSE: NKE) stock jumped more than 6% after the popular copmany has reported financial results for its fiscal 2018 third quarter ended February 28, 2018. Revenue growth was led by international geographies and NIKE Direct globally. The co..