Plus   Neg

Columbia Sportswear Company Q1 adjusted earnings Beat Estimates

Columbia Sportswear Company (COLM) released earnings for its first quarter that climbed from last year.

The company's earnings came in at $45.11 million, or $0.64 per share. This compares with $36.01 million, or $0.51 per share, in last year's first quarter.

Excluding items, Columbia Sportswear Company reported adjusted earnings of $54.53 million or $0.77 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.7% to $607.31 million from $543.79 million last year.

Columbia Sportswear Company earnings at a glance:

-Earnings (Q1): $54.53 Mln. vs. $36.87 Mln. last year.
-EPS (Q1): $0.77 vs. $0.52 last year.
-Analysts Estimate: $0.58
-Revenue (Q1): $607.31 Mln vs. $543.79 Mln last year.

Full year EPS guidance: $3.27 - $3.37

For comments and feedback contact: editorial@rttnews.com

Follow RTT