Callaway Golf Co. Announces 27% Increase In Q1 Bottom Line

(RTTNews) - Callaway Golf Co. (ELY) reported a profit for its first quarter that climbed from last year.

The company said its bottom line advanced to $45.66 million, or $0.48 per share. This was up from $35.82 million, or $0.39 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $276.65 million. This was down from $284.18 million last year.

Callaway Golf Co. earnings at a glance:

-Earnings (Q1): $45.66 Mln. vs. $35.82 Mln. last year. -Earnings Growth (Y-o-Y): 27.5% -EPS (Q1): $0.48 vs. $0.39 last year. -EPS Growth (Y-o-Y): 23.1% -Analysts Estimate: $0.38 -Revenue (Q1): $276.65 Mln vs. $284.18 Mln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Next quarter EPS guidance: $0.33 - $0.37 Next quarter revenue guidance: $238 - $245 Mln Full year EPS guidance: $0.40 - $0.50 Full year revenue guidance: $855 - $880 Mln