Callaway Golf (ELY) Tops Q3 EPS by 6c; Raises Outlook
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Callaway Golf Company Announces Third Quarter 2016 Financial Results, Including A 6.9% Increase In Net Sales; Continues To Realize Benefits From Operational Improvements; And Increases 2016 Full Year
November 3, 2016 4:15 PM EDTCARLSBAD, Calif., Nov. 3, 2016 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) today announced its third quarter 2016 financial results, including a 6.9% increase in net sales, continued benefits from its operational improvements and a net loss of $0.06 per share. The Company generally reports a net loss in the third quarter due to the seasonality of its business but the Company had expected a net loss of $0.15 - $0.10 as a result of a planned increase in operating expenses in the third quarter of 2016 compared to 2015. The increased sales, however, offset the increased expenses. These results... More
