PORTLAND, Ore. (AP) — Columbia Sportswear Co. (COLM) on Thursday reported a second-quarter loss of $50.7 million, after reporting a profit in the same period a year earlier.

The Portland, Oregon-based company said it had a loss of 77 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 88 cents per share.

The maker of outdoor gear posted revenue of $316.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $315.4 million.

Columbia Sportswear shares have dropped 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $80.51, a fall of 25% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLM at https://www.zacks.com/ap/COLM

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