Callaway Golf Co. Reports 16% Advance In Q1 Earnings

(RTTNews) - Callaway Golf Co. (ELY) reported earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $28.31 million, or $0.30 per share. This was up from $24.47 million, or $0.26 per share, in last year's first quarter.

The company said revenue for the quarter rose 12.7% to $308.93 million. This was up from $274.05 million last year.

Callaway Golf Co. earnings at a glance:

-Earnings (Q1): $28.31 Mln. vs. $24.47 Mln. last year. -Earnings Growth (Y-o-Y): 15.7% -EPS (Q1): $0.30 vs. $0.26 last year. -EPS Growth (Y-o-Y): 15.4% -Revenue (Q1): $308.93 Mln vs. $274.05 Mln last year. -Revenue Change (Y-o-Y): 12.7%

-Guidance: Full year EPS guidance: $0.31 - $0.37 Full year revenue guidance: $960 - $980 million