27.10.2023 17:41:16 - dpa-AFX: Columbia Sportswear Continues To Climb
WASHINGTON (dpa-AFX) - Columbia Sportswear Co. (COLM) shares continued to
gain on Friday morning trade after the company announced an increase in
third-quarter net sales, compared to the prior year.
Third-quarter revenues gained 3 percent to $985.7 million from $955 million in
the prior year.
For the full year 2023, the company expects net income of $275 to $290 million
or earnings per share of $4.45 to $4.70.
Revenue for the period is expected to increase 0.5 to 2.0 percent to $3.48 to
$3.53 billion.
Currently, shares are at $72.09, up 3 percent from the previous close of $70.37
on a volume of 672,803.
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