PORTLAND, United States — Columbia Sportswear Co. on Thursday reported fourth-quarter net income of $84.7 million.
On a per-share basis, the Portland, Oregon-based company said it had profit of $1.20.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $755.1 million.
For the year, the company reported profit of $191.9 million, or $2.72 per share. Revenue was reported as $2.38 billion.
Columbia Sportswear expects full-year earnings to be $2.72 to $2.82 per share.
Columbia Sportswear shares have fallen nearly 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.29, a rise of 14 percent in the last 12 months.