Callaway Golf (ELY) Tops Q2 EPS by 5c; Lowers FY15 Revenue Outlook
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Callaway Golf Company Announces Second Quarter 2015 Financial Results; Profitability Continues To Exceed The Company's Expectations; And The Company Increases Full Year Earnings Guidance
July 29, 2015 4:15 PM EDTCARLSBAD, Calif., July 29, 2015 /PRNewswire/ --Â Callaway Golf Company (NYSE: ELY) today announced its second quarter financial results and revised its full year financial outlook. For the second quarter, despite headwinds from unfavorable changes in foreign currency exchange rates and softer than anticipated international market conditions (particularly in Asia), the Company achieved second quarter net sales essentially flat with 2014 but growing over 6% on a constant currency basis. Due to significantly improved gross margins, the Company also increased second quarter 2015 operating income by 72% compared to the same period in 2014 and... More
