Columbia Sportswear Profit Falls, Yet Tops Street - Quick Facts

(RTTNews) - Columbia Sportswear Co. (COLM) Tuesday reported fourth-quarter net income of $36.7 million or $1.05 per share compared with $39.5 million or $1.15 per share last year.

Results for the recent quarter included non-cash asset impairment charge of $0.16 per share.

Sales for the quarter were up 6% at $533 million compared with $501 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.92 per share on sales of $498.8 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal year 2014, the company expects sales growth of 15 percent to 17 percent compared to 2013 sales of $1.68 billion. Analysts sales growth of 9.5 percent.

The company announced a 12 percent increase in quarterly dividend to $0.28 per share.