Over the weekend, a report from The Wall Street Journal said Under Armour was facing a federal criminal investigation over accounting practices allegedly used to make its finances look healthier.
is set to report third-quarter earnings before the market open on Monday.Earnings per share: 18 cents expectedthat Under Armour was facing a federal criminal investigation over accounting practices allegedly used to make its finances look healthier.
A spokesperson for the company told CNBC in an email: "Under Armour is cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice investigations. The company began responding in July 2017 to requests for documents and information relating primarily to its accounting practices and related disclosures, and the company firmly believes that its accounting practices and disclosures were appropriate."will step aside from the chief executive role on Jan.
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