By and  on October 24, 2008

NEW YORK — A 6.8 percent decrease in Columbia Sportswear Co.’s third-quarter profits was good enough to beat analysts’ estimates, and the company backed the effort with a boost in its full-year outlook despite declining sales.

Crediting improved gross margins from footwear and sportswear, as well as cost-saving initiatives, the Portland, Ore.-based outerwear and sportswear company posted net income of $58.3 million, or $1.69 a diluted share, versus profits of $62.6 million, or $1.72 a diluted share, in the year-ago period. Net sales were down 4 percent to $452.4 million from $471.1 million. Wall Street expected earnings of $1.40 on revenues of just under $450 million, according to Yahoo Finance.

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