Under Armour is trading 14.9% down now at $4.74 after its November 6 fiscal Q2 2027 results and reduced fiscal-year gross-margin outlook. - Revenue fell 7% to $1.2 billion; adjusted diluted loss per share was $0.00. - The company lowered expected fiscal-year gross-margin improvement to 170–220 basis points from 220–270, citing higher fuel and freight costs, inventory actions, and foreign-exchange headwinds.