Columbia Sportswear: Q3 Earnings Snapshot
PORTLAND, Ore. (AP) — PORTLAND, Ore. (AP) — Columbia Sportswear Co. (COLM) on Thursday reported third-quarter profit of $103.5 million.
On a per-share basis, the Portland, Oregon-based company said it had profit of $1.70.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The maker of outdoor gear posted revenue of $985.7 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $999.8 million.
Columbia Sportswear expects full-year earnings to be $4.45 to $4.70 per share, with revenue in the range of $3.48 billion to $3.53 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLM at https://www.zacks.com/ap/COLM
