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PORTLAND, Ore. (AP) _ Columbia Sportswear Co. (COLM) on Thursday reported fourth-quarter profit of $125.7 million.
On a per-share basis, the Portland, Oregon-based company said it had profit of $2.02. Earnings, adjusted for asset impairment costs, were $2.45 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.
The maker of outdoor gear posted revenue of $1.17 billion in the period.
For the year, the company reported profit of $311.4 million, or $4.95 per share. Revenue was reported as $3.46 billion.
Columbia Sportswear expects full-year earnings to be $5.15 to $5.55 per share, with revenue in the range of $3.57 billion to $3.67 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a COLM">Zacks stock report on COLM at https://www.zacks.com/ap/COLM