Conor Flynn, Kimco Realty CEO and president, join 'Power Lunch' to discuss the reopening of his shopping centers and the changes in the retail industry as the coronavirus pandemic continues.
Its shares were down less than 1% in premarket trading following the release.Earnings per share: A loss of 34 cents, adjusted"Since mid-March, as the pandemic accelerated dramatically in North America ... and retail store closures ensued, we've experienced a significant decline in revenue across all markets," Chief Executive Patrik Frisk said in a statement.
Analysts had been calling for the company to report an adjusted net loss of 19 cents per share, on revenue of $949 million, according to a poll by Refinitiv. However, it is difficult to compare reported earnings to analyst estimates for Under Armour's first quarter, as the coronavirus pandemic continues to hit global economies and makes earnings impact difficult to assess.
As of Friday's market close, Under Armour shares are down almost 54% this year. The company has a market cap of $4.5 billion.
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