PORTLAND, Ore. (AP) — PORTLAND, Ore. (AP) — Columbia Sportswear Co. (COLM) on Tuesday reported fourth-quarter earnings of $93.2 million.
On a per-share basis, the Portland, Oregon-based company said it had profit of $1.73.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The maker of outdoor gear posted revenue of $1.07 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion.
For the year, the company reported profit of $177.2 million, or $3.24 per share. Revenue was reported as $3.4 billion.
For the current quarter ending in March, Columbia Sportswear said it expects revenue in the range of $747 million to $759 million.
The company expects full-year earnings to be $3.20 to $3.65 per share, with revenue ranging from $3.43 billion to $3.5 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
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