Callaway Golf (ELY) Tops Q3 EPS by 22c

Callaway Golf (NYSE: ELY) reported Q3 EPS of $0.60, $0.22 better than the analyst estimate of $0.38. Revenue for the quarter came in at $476 million versus the consensus estimate of $451.3 million.

Outlook:

The Company previously reported that it suspended its prior financial guidance for 2020 due to the uncertainty around the COVID-19 pandemic. Furthermore, while both the Company's golf and apparel businesses have been recovering more quickly than the Company expected, there has been a recent uptick in COVID-19 cases around the globe as well as some increase in regulatory restrictions designed to mitigate the COVID-19 impact. As a result, the Company is not providing financial guidance for the fourth quarter of 2020.

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

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