By
Reuters
Published
Feb 4, 2010
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Timberland fourth quarter EPS beats Street on strength in Europe

By
Reuters
Published
Feb 4, 2010

Feb 4 (Reuters) - Timberland Co's (TBL.N) fourth-quarter profit jumped 41 percent, beating market expectations, as the footwear maker benefited from strength at its European business.

Timberland
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The company, known for its Earthkeepers, Howies and Mountain Athletics brands, said revenue from its European operations rose 17 percent helped by forex gains, continued strength of its boots business and growth in all categories of women's footwear.

For the quarter, Timberland reported net income of $22.3 million, or 40 cents a share, compared with $13.1 million, or 23 cents a share, a year earlier.

Revenue at the company, whose rivals include Skechers USA Inc (SKX.N), Wolverine Worldwide Inc (WWW.N) and Deckers Outdoor (DECK.O), dropped marginally to $387.8 million.

Analysts were looking for earnings of 37 cents a share, on revenue of $396.7 million, according to Thomson Reuters I/B/E/S.

Shares of the Stratham, New Hampshire-based company closed at $18.30 Wednesday 3 February on the New York Stock Exchange.

For the alerts, double-click (Reporting by Shradhha Sharma in Bangalore; Editing by Vinu Pilakkott)

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