Callaway Golf (ELY) Misses Q4 EPS by 1c, Revenue Comes in Light

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Go back to Callaway Golf (ELY) Misses Q4 EPS by 1c, Revenue Comes in Light

Callaway Golf Company Announces Fourth Quarter And Full Year 2016 Financial Results, Reflecting Continued Sales Growth, Brand Momentum, And Market Share Gains As Well As Increased Profitability And Ca

February 2, 2017 4:15 PM EST

CARLSBAD, Calif., Feb. 2, 2017 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today its fourth quarter and full year 2016 financial results and provided financial guidance for 2017.

As a result of the Company's continued brand momentum and market share gains, the Company's 2016 fourth quarter net sales grew by 7%, or 5% on a constant currency basis, resulting in full year net sales growth of 3%, or 2% on a constant currency basis.  The Company's overall market share gains in 2016, together with its new apparel joint venture in Japan, enabled it to achieve this sales growth... More