Callaway Golf (ELY) Reports Preliminary Q2 EPS Below the Street; Reaffirms FY08 Outlook
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Callaway Golf Company (NYSE: ELY) sees Q2 EPS in the range of $0.56-$0.58, versus the consensus of $0.62. Sales for the quarter are expected to be $366-$380 million, versus the Street estimate of $375.48 million.
Callaway reaffirmed its FY08 sales guidance of $1.145-$1.165 billion and EPS of $1.08-$1.18. The Street estimates are $1.14 billion in sales and $1.08 in earnings.
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls in the United States and internationally.
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