U.S. markets close in 1 hour 43 minutes

  • S&P 500

    4,030.34
    -40.22 (-0.99%)
     

  • Dow 30

    33,814.32
    -163.76 (-0.48%)
     

  • Nasdaq

    11,438.50
    -183.21 (-1.58%)
     

  • Russell 2000

    1,896.93
    -14.52 (-0.76%)
     

  • Crude Oil

    78.11
    -1.57 (-1.97%)
     

  • Gold

    1,938.10
    -7.50 (-0.39%)
     

  • Silver

    23.65
    +0.03 (+0.12%)
     

  • EUR/USD

    1.0842
    -0.0032 (-0.29%)
     

  • 10-Yr Bond

    3.5420
    +0.0240 (+0.68%)
     

  • GBP/USD

    1.2342
    -0.0052 (-0.42%)
     

  • USD/JPY

    130.4900
    +0.6860 (+0.53%)
     

  • BTC-USD

    22,842.04
    -887.46 (-3.74%)
     

  • CMC Crypto 200

    515.60
    -22.27 (-4.14%)
     

  • FTSE 100

    7,784.87
    +19.72 (+0.25%)
     

  • Nikkei 225

    27,433.40
    +50.84 (+0.19%)
     

Columbia reports massive increase in inventory, sales lower than expected

Demi Lawrence
·3 min read
Columbia reports massive increase in inventory, sales lower than expected

Columbia Sportswear Co. (Nasdaq: COLM) on Thursday reported third quarter sales and earnings below expectations but still 19% higher compared with last year. “Third quarter net sales and earnings growth reflect broad momentum across our business and the power of our collective brand portfolio,” CEO and Chairman Tim Boyle said in a release. “Based on strong third quarter performance, we are reiterating our full year net sales and diluted earnings per share financial outlook.”

Continue reading

Recommended Stories

  • Married father of 7 claims he was fired from Google after rejecting advances of high-ranking female colleague

    Ryan Olohan was told there were "obviously too many white guys" on his management team.

  • Lucid stock rises amid rumor of potential Saudi buyout

    Yahoo Finance Live anchors discuss the rise in stock for Lucid amid reports of a potential Saudi buyout.

  • Why Are Alibaba Shares Are Falling Premarket

    Alibaba Group Holding Limited (NYSE: BABA) shares dropped premarket after reports surfaced regarding the company moving its headquarters out of the country. Alibaba is close to completing a new campus in Singapore, which could become its global headquarters, Barron's reports. A local daily reported that Alibaba denied the speculation and that its headquarters would remain in the city of Hangzhou in the east of mainland China. The Singapore facility would house regional operations. Alibaba has be

  • Alibaba stock under pressure amid HQ move reports

    Yahoo Finance Live’s Rachelle Akuffo discusses the decline in stock for Alibaba following rumors that the e-commerce company is moving its headquarters to Singapore, despite the company denying reports.

  • Why Carvana Stock Was Skyrocketing Today

    Shares of Carvana (NYSE: CVNA) were moving higher again today as an ongoing short squeeze seemed to lift shares of the beaten-down online used car dealer for the second day in a row. As of 10:22 a.m. ET, Carvana stock was up 26.8% on high-volume trading, following a 19.5% gain last Friday. What was also notable about today's jump is that, unlike Friday's, it came as tech stocks pulled back, meaning the squeeze wasn't correlated with any specific market news or optimism about slowing interest rates or something similar.

  • Verizon Is Growing Again, But There's a Problem

    Verizon Communications (NYSE: VZ) reported a return to customer growth in the fourth quarter of 2022, and the company's 5G fixed broadband product continues to grow like crazy. Given the stock's valuation, is this a value stock or a value trap? Motley Fool contributors Travis Hoium and Jason Hall discuss both sides in this video.

  • GE HealthCare delivers strong revenue growth in first earnings report after spinoff

    Yahoo Finance Live anchors break down quarterly earnings for GE HealthCare.

  • 3 Supercharged Electric Vehicle Stocks to Buy in 2023 and Beyond

    While 2022 was a year for stock price corrections across the electric vehicle (EV) sector, 2023 looks to be a transition year for the businesses themselves. Europe and China are leading the way, with fully electric vehicles accounting for 11% and 19% of all new vehicles sold, respectively. With stock prices down and sales continuing to pick up, investors should look at investing in a diverse mix of EV makers in 2023.

  • 12 Cheap Energy Stocks To Buy

    In this article, we will be taking a look at 12 cheap energy stocks to buy. To skip our detailed analysis of the energy sector, you can go directly to see the 5 Cheap Energy Stocks To Buy. Energy stocks such as Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and ConocoPhillips (NYSE:COP), among more, managed to […]

  • Best Dividend Stock to Buy: AT&T Stock vs. Intel Stock

    Dividend investors are savvy for considering AT&T (NYSE: T) and Intel (NASDAQ: INTC) as stocks to buy. This video will compare the two dividend stocks on fundamental metrics to determine which stock is the better buy.

  • Costco Gets Ready to Raise its Membership Prices

    Costco has a tremendously loyal customer base with an over 90% membership renewal rate worldwide and an even higher rate in the United States (92.5%) in its most recent quarter. Currently, Costco charges $60 for a Gold Star membership and $120 for an Executive membership. Executive members have been rising in importance for the company.

  • Billionaire Gautam Adani Calls on India for Help to Save His Empire

    Adani and his companies are facing accusations of fraud from a New York short-seller, threatening the group's shares and his fortune.

  • Down More Than 50%: These Buy-Rated Stocks Are Too Cheap to Ignore

    While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices are low. This doesn’t necessarily mean low in absolute dollar terms, but low relative to a stock’s recent past performance. In recognizing that lower price range, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking out stocks that are in their lower price r

  • Bed Bath & Beyond closes Harmon stores

    Yahoo Finance Live anchors discuss news that Bed Bath & Beyond has closed Harmon stores as bankruptcy looms for the retailer.

  • The Zacks Analyst Blog Highlights Pfizer/BioNTech, Moderna and Novavax

    Pfizer/BioNTech, Moderna and Novavax are included in this Analyst Blog.

  • Is Medical Properties (MPW) a Buy as Wall Street Analysts Look Optimistic?

    According to the average brokerage recommendation (ABR), one should invest in Medical Properties (MPW). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

  • These 2 Warren Buffett and Cathie Wood Stocks Are Lapping the Market so Far in 2023

    Cathie Wood and Warren Buffett are two of the most well-known investors in the world, albeit for very different reasons. Buffett runs the large conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) and has historically been a value investor, although he dabbles in a variety of investing strategies and in almost every industry. Wood, on the other hand, runs ARK Invest, which manages several exchange-traded funds (ETF) focused on growth stocks and is known for being a big-tech investor and a believer in crypto, as well.

  • J&J Dives After Court Denies Bankruptcy For Litigation-Hamstrung Baby Powder Division

    A federal court said J&J can't rely on a bankruptcy filing to resolve litigation related to its baby powder. JNJ stock tumbled Monday.

  • Down 70%, Shopify Stock Is a Once-in-a-Generation Buy in 2023

    Shopify (NYSE: SHOP) has seen its share price tumble 70% since peaking in late 2021, dragged down by a combination of slowing growth and weak guidance, both of which can be traced back to the challenging economy. For context, the stock has never fallen more sharply at any point since Shopify became a public company in 2015. Shopify saw revenue growth slow to 25% over the past year, a shocking deceleration from 71% revenue growth in the previous year.

  • Carvana Stock: More Fuel for the Bulls

    Just a month into 2023 and shares of Carvana (NYSE:CVNA) are up by a hefty 108%. Those are indeed some impressive returns, but only tell a small part of the story. Zoom out, and even after those recent gains, you are looking at a stock that over the past year has still shaved off 94% of its value. The used car dealer’s troubles have been well-documented. A massive debt load, declining vehicle sales with the losses piling up against a backdrop of a softening economy have brought about talks of po