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Columbia Sportswear Company (NASDAQ:COLM) Down 9% – Posts Narrower Loss Vs. Street, Beats on Revenue

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By on Consumer Staples

Columbia Sportswear Company (NASDAQ:COLM)is lower Friday despite the company reporting a smaller net loss during the three months ended June 30 than analysts were expecting and Q2 revenue also topping consensus opinion. Shares are down 10% at $74.97 apiece, trading within a 52-week range of $55.58 to $89.96.

The company, which designs, sources, markets and distributes of active outdoor apparel, footwear, accessories and equipment posted Q2 net loss of $6.3 million, or $0.18 loss per share, improving on a $7.1 million loss during the previous year period. Excluding one-time items, net loss for the quarter was $0.26 per share. Revenue rose 16% year over year to $324.2 million. Analysts polled by Capital IQ were expecting a loss of $0.35 per share on revenues of $320.31 million.

Looking forward, the company expects FY14 earnings in a range of $3.22 to $3.38, which includes one-time items and may not be comparable to the Street view is EPS of $3.49. Revenue is projected in a range of $2.01 billion to $2.04 billion, in-line with the $2.01 billion consensus.

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