Kevin Plank on fall in Under Armour stock price:...

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Under Armour Inc. CEO Kevin Plank went on the defensive Wednesday, saying he is unwilling to prioritize the company’s short-term profits over long-term growth. Plank’s comments on CNBC come a day after Under Armour stock fell 13 percent as it reported tighter margins and slower revenue growth than previously projected. The stock is down another 3 percent in midday trading Wednesday, and was downgraded by several Wall Street firms. During the interview, Plank addressed concerns about a slowdown…