Callaway Golf (ELY) Tops Q1 EPS by 5c
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Callaway Golf Company Announces First Quarter 2017 Financial Results, With Double-Digit Sales Growth, And A Significant Increase In Full Year Sales And Earnings Guidance
May 4, 2017 4:17 PM EDTCARLSBAD, Calif., May 4, 2017 /PRNewswire/ --Â
First quarter 2017 net sales of $309 million, a 13% increase compared to the first quarter of 2016. First quarter 2017 non-GAAP pre-tax income (which excludes non-recurring OGIO transaction and transition expenses) of $43 million, an increase of 8% compared to the first quarter of 2016. On a GAAP basis, pre-tax income was $39 million for the first quarter of 2017. Full year 2017 sales guidance increased by $45 - $50 million to $960 - $980 million, compared to prior guidance of $910 - $935 million. Full year 2017 non-GAAP earnings per share guidance increased $0.10 per share to $0.31 - $0.37, compared to prior guidance of... More