Callaway Golf (ELY) Tops Q1 EPS by 11c
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Callaway Golf Company Announces 2015 First Quarter Financial Results; Brand Momentum And Market Shares Continue To Improve; And Callaway Increases Full Year Earnings Guidance
April 23, 2015 4:15 PM EDTCARLSBAD, Calif., April 23, 2015 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) today announced its 2015 first quarter financial results. Overall, compared to what the Company originally anticipated, first quarter 2015 net sales decreased slightly but its earnings were higher. As a result, the Company is decreasing its full year revenue estimate to $840 million - $860 million (compared to its prior estimate of $855 million - $880 million). The Company, however, is increasing its full year earnings per share estimate to ($0.03) - $0.04, (compared to its prior estimate of ($0.09) - $0.01), as a result of continued manufacturing improvements... More
