Columbia Sportswear Q3 2024 GAAP EPS $1.56 Beats $1.41 Estimate, Sales $931.768M Miss $936.335M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Sportswear reported Q3 2024 earnings per share of $1.56, surpassing the analyst estimate of $1.41. However, sales were $931.768 million, slightly below the expected $936.335 million, marking a 5.47% decrease from the previous year.
October 30, 2024 | 8:18 pm
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NEUTRAL IMPACT
Columbia Sportswear's Q3 2024 EPS of $1.56 beat expectations, but sales of $931.768M missed estimates and decreased 5.47% YoY.
The positive EPS surprise is offset by the sales miss and YoY decline, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100