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Under Armour profit hit by restructuring charge
October 31, 2017 / 11:11 AM / 25 days ago

Under Armour profit hit by restructuring charge

Oct 31 (Reuters) - Under Armour Inc’s third-quarter profit more than halved from a year ago, hit by an $85 million restructuring charge.

The maker of Stephen Curry shoes reported a net profit of $54.2 million, or 12 cents per Class C share, in the third quarter ended Sept. 30, compared with $128.2 million, or 29 cents, a year earlier.

Total revenue fell 4.5 percent to $1.41 billion. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Saumyadeb Chakrabarty)

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