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Under Armour Soars Most Since 2008 With Turnaround Taking Hold

Under Armour Inc.’s yearlong restructuring received some much-needed validation Tuesday as the company reported earnings that surpassed estimates, sending the stock soaring. The Baltimore-based apparel company appears to be coming out from under an inventory glut that resulted in too many discounted sales and slower growth. Under Armour lifted its gross margin to 46 percent,…

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