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Under Armour

Under Armour expected to report first-ever operating loss

Under Armour expected to report first-ever operating loss

Facing a weak U.S. apparel market, Under Armour is expected to show its first-ever operating loss as a public company when it reports financial results this week, a Stifel analyst said.

Analyst Jim Duffy maintained a hold rating on the stock and a target price of $19 per share for the Baltimore-based sports apparel and footwear maker. The company plans to report earnings for the first three months of the year Thursday.

Duffy said he expects first quarter sales of $1.1 billion and a net loss of 3 cents per share. Sales growth has been driven by international demand and the introduction of Under Armour products in Kohl's stores, which should somewhat offset retail...

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