Shop: Columbia Sportswear Review

The Columbia Sportswear Company, a maker of fishing apparel and hiking boots, has said its profit this year may be almost double what analysts are forecasting, setting off a sharp rally in its stock price. Columbia said late Thursday that earnings would rise 26 percent to 29 percent from last year’s $2.22 a share. That would result in profit of about $2.80 to $2.86 a share, topping the $1.59 expected by analysts surveyed by Thomson Financial/First Call. The company made the projection after first-quarter profit more than doubled, also exceeding analysts’ estimates. Columbia has been expanding its selection of products at department stores to take advantage of the growing popularity of roller blading, skiing, mountain biking and other sports, analysts said. Its stock rose $10.44, or 19 percent, to $64.80 a share, on Nasdaq.


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