WASHINGTON (dpa-AFX) - Columbia Sportswear Company (COLM) revealed a profit for third quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $90.2 million, or $1.56 per share. This compares with $103.5 million, or $1.70 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.5% to $931.8 million from $985.7 million last year.
Columbia Sportswear Company earnings at a glance (GAAP) :
-Earnings (Q3): $90.2 Mln. vs. $103.5 Mln. last year. -EPS (Q3): $1.56 vs. $1.70 last year. -Revenue (Q3): $931.8 Mln vs. $985.7 Mln last year.
-Guidance: Next quarter EPS guidance: $1.68 to $2.03 Next quarter revenue guidance: $1.040-$1.110 Bln Full year EPS guidance: $3.70 to $4.05 Full year revenue guidance: $3.31 to $3.38 Bln
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