PORTLAND, Ore. (AP) — PORTLAND, Ore. (AP) — Columbia Sportswear Co. (COLM) on Thursday reported third-quarter net income of $52 million.
The Portland, Oregon-based company said it had net income of 95 cents per share. Earnings, adjusted for asset impairment costs, came to $1.41 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The maker of outdoor gear posted revenue of $943.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $921.3 million.
For the current quarter ending in December, Columbia Sportswear said it expects revenue in the range of $1.01 billion to $1.04 billion.
The company expects full-year earnings to be $2.55 to $2.85 per share, with revenue ranging from $3.33 billion to $3.37 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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