FBR Capital Reiterates Outperform on Callaway Golf (ELY) Following 3Q Beat

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Go back to FBR Capital Reiterates Outperform on Callaway Golf (ELY) Following 3Q Beat

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 EDT

CARLSBAD, 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

Rock Ishii Joins Callaway Golf Ball R&D

November 3, 2016 10:35 AM EDT

CARLSBAD, Calif., Nov. 3, 2016 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today it has fortified its golf ball R&D division with the addition of industry veteran Hideyuki "Rock" Ishii as Sr. Director, Advanced Golf Ball Research. Ishii brings 25 years of golf product development experience, including 15 years with Nike Golf, during which he was responsible for the design of every Nike ball. To date, 25 Major Championships have been won by athletes Ishii worked with on... More