Columbia Sportswear Co. (COLM) Thursday reported first-quarter net income of $10.1 million or $0.29 per share, up from $3.9 million or $0.11 per share in the same period last year.
Net sales for the quarter increased 5 percent to $348.3 million from $333.1 million last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share on revenues of $334.67 million for the quarter. Analysts' estimates typically exclude special items.
For the full year 2013, the company now expects a slight sales decline compared to 2012. Previously, the company expected sales to be comparable to 2012.
For the second quarter, the company expects net sales to decline about 4 to 6 percent from a year ago period.
For comments and feedback: editorial@rttnews.com