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Columbia Sportswear Co posted quarterly revenue that missed Wall Street estimates hurt by a warmer-than-expected winter and forecast weak sales in the current quarter, sending its shares down 8 percent in after-market trade.
For the first quarter, the company expects sales to rise about one percent to $333.1 million. Analysts on average were expecting sales of $361.28, according to Thomson Reuters I/B/E/S.
Fourth-quarter net income was $36.7 million, or $1.08 cents a share, compared with $26.2 million, or 77 cents a share, last year.
Revenue at the company, which designs and markets sportswear under brands such as Mountain Hardwear, Sorel, Montrail and Pacific Trail, rose 15 percent to $526.1 million.
Analysts, on average, were expecting earnings of $1.05 a share on revenue of $531.3 million.
The Portland, Oregon-based company's shares fell 8 percent in extended trading on Thursday. They had closed at $47.90 on the Nasdaq.
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