Callaway Golf (ELY) Tops Q1 EPS by 14c, Raises Guidance

Callaway Golf (NYSE: ELY) reported Q1 EPS of $0.65, $0.14 better than the analyst estimate of $0.51. Revenue for the quarter came in at $403 million versus the consensus estimate of $370.91 million.

As a result of this better than expected first quarter, the Company increased its full year 2018 sales guidance to $1,170 million - $1,185 million as compared to its prior guidance of $1,115 million - $1,135 million. The Company also increased its full year 2018 GAAP earnings per share guidance to $0.77 - $0.82 compared to prior guidance of $0.64 - $0.70.

(Street sees FY revenue of $1.13 billion)

For earnings history and earnings-related data on Callaway Golf (ELY) click here.

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