By  on May 1, 2011

Shares of Columbia Sportswear Co. shot up nearly 6 percent Friday after the firm reported double-digit increases in its first-quarter profits and wholesale backlog and raised its quarterly dividend.

Net income for the three months ended March 31 was up 38.4 percent to $12.8 million, or 37 cents a diluted share, 8 cents higher than the consensus estimate of analysts carried by Yahoo Finance. Year-ago profits came to $9.2 million, or 27 cents.

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