Columbia Sportswear's high-tech rain gear.

Columbia Sportswear Co. delivered second-quarter numbers that beat analysts’ estimates for earnings, but missed on the revenue. The stock dropped more than 4 percent in after-hours trading to $57.

The net loss for the quarter was $8.2 million, or 12 cents a diluted share, more than last year’s loss of $6.5 million, or 9 cents. This beat the FactSet estimate for a loss of 17 cents per share by 5 cents.

Sales for the three months ending June 30 increased 2 percent to $388.8 million from $380.2 million a year earlier. This missed the FactSet estimate of $392 million. Second-quarter sales are typically the company’s smallest revenue quarter and historically account for a midteens percentage of annual sales. Columbia’s business is heavily weighted toward the fall and winter months with virtually all of the company’s growth expected in the fourth quarter.

“High-single-digit wholesale growth and low-20-percent direct-to-consumer growth in the U.S., combined with mid-20-percent constant-currency growth in Europe-direct markets and 20 percent constant-currency growth in Canada demonstrate that we gained market share in each of these important geographies during the first half of 2016,” said chief executive officer Tim Boyle.

Globally though, Latin America net sales declined 10 percent and net sales in China were a low 20 percent. Japan, however offset that with a low double-digit sales increase.

Columbia brand sales increased 2 percent, Sorel net sales declined 19 percent, prAna net sales grew 23 percent, while Mountain Hardware dropped 20 percent.

Gross margins expanded 110 basis points to 46.2 percent. Increased e-commerce sales and a lower proportion of sales to international distributors helped that number grow. Columbia said e-commerce growth was outpacing wholesale growth. The company also took selective price increases and enjoyed a favorable sourcing environment.

Columbia said it was facing uncertainty in areas like Russia, Korea and several emerging markets, mostly due to the strong value of the U.S. dollar.

Looking ahead, Columbia expects a high-single-digit increase in net income to between $184 million and $191 million, or roughly $2.60 to $2.70 per diluted share for an increase of 10 percent. The Capital IQ estimate is for $189 million and earnings per share of $2.70.