Searching for smart, safe news you can TRUST?
Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.
Searching for smart, safe news you can TRUST?
Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
Mark Lennihan/AP
Under Armour shares fell more than 28% on Tuesday, following a disappointing earnings announcement in which it dramatically dialed back expectations for revenue growth in 2017.
(function () { var attempt = 0, init = function(){ if (window.pym) { var pymParent = new pym.Parent("2017-01-31-underarmour", "https://graphics.axios.com/2017-01-31-underarmour/2017-01-31-underarmour.html", {}); } else if (attempt++ < 40) { setTimeout(init, 50); } }; init(); })();
Data: Money.net; Chart: Andrew Witherspoon / Axios
Why investors are grumpy: Under Armour is a quickly growing company, gunning for well-established brands like Nike. It's stock price relative to its actual earnings has been more than three times the average consumer goods firm, and that means that investors must see very large, continuous revenue gains to continue to hold the stock. Even though Under Armour projects 11% or 12% top-line growth this year, that was roughly half what analysts were expecting.