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Callaway Golf Co  (ELY)
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    Sector  Consumer Discretionary    Industry Recreational Products
 
 

EARNINGS REPORT by CSIMarket

Earnings Fell Despite Strong Sales


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Callaway Golf Co announced first quarter 2017 operating income of $44.207 millions



Callaway Golf Co faced contraction in eps, despite strong ornbsp; segment results and overall Sales growth in the first quarter 2017, income dropped by -32.5 % to $0.27 per share, while Sales increased in double digits by 12.73 % to $309 millions, from the same quarter a year ago.

From forth quarter 2016, eps dropped by -78.54 % from $1.26 per share and Sales surged by 88.72 % from $164 millions.

Net income of $26 millions in the first quarter 2017 fell by -32.59 % from $38 millions in the corresponding period a year before. Callaway Golf Co shifted it's focus on improving sales in the first quarter 2017, as a result net margin eased to 8.38%.


Callaway Golf Co is expected to report next financial results on August 01, 2017.
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