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Columbia Sportswear: Q2 Earnings Insights

Columbia Sportswear (NASDAQ:COLM) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

Benzinga · 07/27/2022 17:46

Columbia Sportswear (NASDAQ:COLM) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Columbia Sportswear beat estimated earnings by 266.67%, reporting an EPS of $0.11 versus an estimate of $0.03.

Revenue was up $11.69 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17 which was followed by a 6.91% drop in the share price the next day.

Here's a look at Columbia Sportswear's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.86 1.79 1.30 -0.08
EPS Actual 1.03 2.39 1.52 0.61
Revenue Estimate 762.69M 1.07B 859.95M 497.57M
Revenue Actual 761.51M 1.13B 804.71M 566.37M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Columbia Sportswear management provided guidance for FY 2022, expecting earnings between $5.0 and $5.4 per share.

To track all earnings releases for Columbia Sportswear VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.