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Columbia Sportswear Misses Q4 Estimates, Sees ‘Challenging’ Year Ahead

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Columbia Sportswear Company (NASDAQ:COLM) reported worse-than-expected fourth-quarter financial results after the bell Thursday. Here’s a look at the details. 

The Details: Columbia Sportswear reported fourth-quarter GAAP earnings per share of $1.55, missing the analyst consensus estimate of $1.96 per share. The company reported quarterly revenue of $1.06 billion, missing the analyst estimate of $1.08 billion.

The company’s board of directors approved a regular quarterly cash dividend of 30 cents per share.

Columbia Sportswear saw first-quarter revenue of between $730 million and $753 million, representing a decline of 11% to 8% from $820.6 million for the comparable period …

Full story available on Benzinga.com

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