Callaway Golf Co. Q1 adjusted earnings Beat Estimates

(RTTNews) - Callaway Golf Co. (ELY) revealed a profit for first quarter that fell from last year.

The company's earnings totaled $49 million, or $0.50 per share. This compares with $63 million, or $0.65 per share, in last year's first quarter.

Excluding items, Callaway Golf Co. reported adjusted earnings of $60 million or $0.63 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 28.0% to $516 million from $403 million last year.

Callaway Golf Co. earnings at a glance:

-Earnings (Q1): $60 Mln. vs. $63 Mln. last year. -EPS (Q1): $0.63 vs. $0.65 last year. -Analysts Estimate: $0.48 -Revenue (Q1): $516 Mln vs. $403 Mln last year.