Revenue Update on Columbia Sportswear Company(NASDAQ:COLM)

Columbia Sportswear Company(NASDAQ:COLM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $388.75M. Analysts estimated a revenue of $392.02M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.16.

Columbia Sportswear Company (COLM) shares turned negative on Thursdays trading session with the shares closing down -0.25 points or -0.46% at a volume of 1,86,858. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.98. The peak price level was also seen at $54.98 while the days lowest was $53.57. Finally the shares closed at $54.01. The 52-week high of the shares is $68.65 while the 52-week low is $43.56. According to the latest information available, the market cap of the company is $3,763 M.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Peter J Bragdon (EVP/CAO, Gen. Counsel & Sec.) sold 10,000 shares at $58.95 per share price.Also, On May 26, 2016, Ronald E. Nelson (director) sold 2,776 shares at $53.20 per share price.On Mar 2, 2016, Bryan Timm (President/COO) sold 13,172 shares at $60.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Columbia Sportswear Company is a hat distributor. The Company designs sources markets and distributes outdoor and active lifestyle apparel footwear accessories and equipment under the Columbia Mountain Hardwear Sorel prAna and Montrail brands. It offers products including outerwear sportswear footwear accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel accessories and equipment and footwear. Its apparel accessories and equipment are designed to use in a variety of outdoor activities such as skiing snowboarding hiking climbing mountaineering camping hunting fishing trail running water sports and adventure travel. Its footwear products include durable lightweight hiking boots trail running shoes rugged cold weather boots and casual shoes. It operates in North America Europe Japan Korea and China.

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