Despite posting higher revenue,
Under Armour
Inc.
widened its net loss in the latest quarter as the sportswear company restructures itself after facing slowing demand for its products.
The Baltimore company reported that revenue for the second quarter jumped 8% to $1.17 billion. Analysts polled by Thomson Reuters expected $1.15 billion in quarterly revenue.
North America revenue increased 2% to $843 million, while the international business grew 28% to $302 million, representing 26% …
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