On Thursday after the bell, Columbia Sportswear (COLM) announced Q2 earnings that managed to beat analysts’ EPS estimates, even though net sales came in lower than 2012′s second quarter.
Though the outdoor apparel company beat analysts’ expectations, Q2 EPS still came in negative at -21 cents, compared to the analysts’ estimates of -38 cents. The company’s net loss for the quarter was $7.1 million, which was better than the same period last year, which saw net losses come in at $7.9 million.
The company’s net sales came in at $280.5 million, which was slightly lower than 2012 Q2′s posting of $290.4 million, but still higher than analysts’ expectations of $277.94 million.
The company also gave its outlook for the year, with net sales predicted to fall 2.5%.
Columbia Sportswear’s stock finished the day on a high note, up .27%, and was not trading after-hours. Its stock is up nearly 18% YTD.
The Bottom Line
Shares of Columbia Sportswear (COLM) have a yield of 1.4% based on Thursday’s closing price of $62.81.
Columbia Sportswear (COLM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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