PORTLAND, Ore. (AP) — PORTLAND, Ore. (AP) — Columbia Sportswear Co. (COLM) on Thursday reported second-quarter net income of $26.6 million.
The Portland, Oregon-based company said it had net income of 52 cents per share. Losses, adjusted for non-recurring gains, were 41 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 41 cents per share.
The maker of outdoor gear posted revenue of $614.4 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $605.6 million.
Columbia Sportswear expects full-year earnings to be $1.15 to $1.35 per share, with revenue in the range of $929 million to $943 million.
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