Columbia Sportswear Results Top Estimate, Lifts FY Profit Guidanc; Stock Down 4%

(RTTNews) - Columbia Sportswear Co (COLM) on Thursday reported first-quarter net earnings of $26.5 million or $0.37 per share compared with $22.3 million or $0.32 per share last year.

Revenues for the quarter were up 13% at $479 million compared with $424 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.36 per share on revenues of $470 million for the quarter. Analysts' estimates typically exclude special items.

Operating margin expanded 80 basis points to 9.2 percent.

For the full year 2015, the company now expects adjusted earnings of $2.15 to $2.25 per share, from prior guidance of $2.10 to $2.20 per share. Sales are still expected to grow in the high single-digit.

Analysts expect earnings of $2.20 per share on sales growth of 8.6% for the year.

The company said its guidances includes an estimated unfavorable impact of about $0.14 per share from the stronger dollar.

The company declared a quarterly dividend of $0.15 per share.