Finance

Under Armour, T-Mobile, Sprint, Facebook

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Shoppers pass an Under Armour store in White Plains, New York.

Scott Mlyn | CNBC

Check out the companies making headlines in midday trading.

Under Armour — Under Armour’s stock plunged 19% after missing revenue estimates for the fourth quarter. The sports apparel company reported adjusted earnings of 10 cents per share, in line with estimates, but its $1.441 billion of revenue was below the $1.465 billion expected by analysts, according to Refinitiv. Under Armour also said it expected its sales to take a hit due to the coronavirus outbreak and that it is considering possible restructuring this year.

Sprint, T-Mobile — Shares of Sprint soared 77.5% after a federal judge approved the $26…



Source cnbc.com

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