Under Armour Q2 2019 earnings

Under Armour on Tuesday morning reported mixed earnings, sending its shares down more than 5% in premarket trading.

Here’s what the company reported for its fiscal second quarter compared with what analysts were expecting, based on data pulled from Refinitiv:

• Adjusted loss per share: 4 cents vs. 5 cents expected
• Revenue: $1.192 billion vs. $1.199 billion expected

Last quarter, Under Armour proved it was cleaning up overflowing inventories of unsold sneakers and raised its annual profit outlook.

Under Armour shares have rallied more than 50% this year.

This is a developing story. Please check back for updates.