WASHINGTON (dpa-AFX) - Columbia Sportswear Company (COLM) Thursday reported second-quarter net loss of $6.3 million or $0.18 per share, narrower than last year's loss of $7.1 million or $0.21 per share last year.
Net sales increased 16 percent to $324.2 million from $280.5 million last year.
Analysts polled by Thomson Reuters expected loss of $0.0.34 per share on revenues of $321.22 million for the quarter. Analysts' estimates typically exclude special items.
The board approved a quarterly dividend of $0.28 per share, payable on August 28 to shareholders of record on August 14. The board also approved a two-for-one stock split in the form of a 100 percent stock dividend payable on September 26 to shareholders of record on September 8.
Looking forward, the company now anticipates full-year 2014 net sales growth of 19 to 21 percent to between $2.01 billion and $2.04 billion. Earlier, the company expected sales growth of 16 to 18 percent. Analysts currently estimate sales of $2.01 billion or 19.40 percent growth.
The company expects full-year 2014 earnings, net of non-controlling interest, of about $3.22 to $3.38 per share. Analysts currently estimate earnings of $3.40 per share for the quarter.
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