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Columbia Sportswear Q3 profit falls 7.3% YOY

Columbia Sportswear Co. said its third-quarter normalized net income amounted to $1.05 per share, compared with the S&P Capital IQ consensus estimate of $1.17 per share.

EPS declined 6.5% year over year from $1.12.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $74.0 million, a decline of 7.3% from $79.8 million in the prior-year period.

The normalized profit margin fell to 9.9% from 10.4% in the year-earlier period.

Total revenue decreased on an annual basis to $745.7 million from $767.5 million, and total operating expenses decreased on an annual basis to $622.1 million from $635.3 million.

Reported net income fell 8.6% year over year to $83.3 million, or $1.18 per share, from $91.2 million, or $1.28 per share.