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Callaway Golf Co

BUSINESS
March 4, 1998 | Bloomberg News
A U.S. District Court judge denied a motion by Callaway Golf Co. to prevent Evenflo & Spalding Holding Corp. from selling golf balls in packaging that uses Callaway Golf's name. After a one-hour hearing, U.S. District Judge Alicemarie Stotler dismissed a lawsuit by Carlsbad-based Callaway that sought a temporary injunction to prevent Spalding from shipping the Top-Flite Ball / Club System C golf ball, which it says is designed to match Callaway's clubs.
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BUSINESS
April 24, 2003 | From Reuters
Golf equipment maker Callaway Golf Co. on Wednesday posted strong quarterly earnings but cautioned that it did not expect the traditional start of the golf season to provide the usual lift to sales in the current quarter. The Carlsbad-based maker of Big Bertha drivers and woods stuck to its full-year forecast despite the higher-than-expected first-quarter profit, warning that a range of factors, including the war in Iraq and the SARS virus, had battered consumer confidence.
BUSINESS
July 27, 2006 | From the Associated Press
Callaway Golf Co. of Carlsbad, Calif., said second-quarter profit jumped 23% but fell short of Wall Street expectations. Callaway said it earned $22.5 million, or 33 cents a share, compared with $18.4 million, or 27 cents, a year earlier. Results include 3 cents a share in stock-option costs and 2 cents in one-time charges. Excluding items, Callaway earned 38 cents a share, less than the 45 cents expected by analysts polled by Thomson Financial. Revenue grew 5.8% to $341.8 million.
BUSINESS
May 2, 2008 | From Times Staff and Wire Reports
Callaway Golf Co. posted quarterly earnings that beat Wall Street estimates and said it now expected full-year profit at the low end of its forecast. The Carlsbad-based company, which has been cutting costs and making its operations more efficient, said first-quarter net income grew to $39.7 million, or 61 cents a share, from $32.8 million, or 48 cents, a year earlier. The results included a 1-cent-a-share charge related to margin improvement efforts. Analysts had been looking for 60 cents a share, according to Reuters Estimates.
BUSINESS
October 31, 2008 | Times Wire Services
Callaway Golf Co. said it swung to a third-quarter loss as consumers cut back on purchases of discretionary goods and shifted to lower-priced models of the company's golf clubs and balls. Carlsbad, Calif.-based Callaway reported a net loss of $7.4 million, or 12 cents a share, compared with net income of $1.3 million, or 2 cents, a year earlier. Analysts surveyed by Thomson Reuters had forecast a narrower loss in the latest period of 9 cents a share. Sales fell 9% to $213.
BUSINESS
October 18, 2006 | From the Associated Press
Shares of Callaway Golf Co. slumped Tuesday after the maker of golf equipment and apparel said it expected to post a wider third-quarter loss because of slow sales of its Top-Flite and Hogan brand products. Preliminary results indicate that the company widened its loss to 17 cents to 19 cents a share in the third quarter from 7 cents a year earlier. Excluding stock option expenses and other charges, Callaway said it expected to post a per-share loss of 12 cents to 14 cents.
BUSINESS
October 28, 1999
Carlsbad-based golf club maker Callaway Golf Co. reported sharply higher third-quarter earnings of $17.6 million, or 25 cents per share, compared with $5.8 million, or 8 cents, a year ago. Analysts' consensus was 22 cents, according to First Call/Thomson Financial. Sales rose 6% to $183.3 million from $172.9 million. The company said U.S. sales fell 7% to $103.6 million and international sales climbed 30% to $79.7 million, with sales in Japan exceeding expectations.
BUSINESS
October 22, 1998 | From Bloomberg News
Callaway Golf Co. said Wednesday that third-quarter profit fell 84% as demand for its golf clubs waned and prices fell because of stiffer competition. Carlsbad-based Callaway also said its directors are meeting to discuss a restructuring plan to be unveiled possibly as soon as next week. The plan will include taking charges against fourth-quarter earnings and may also include layoffs. Net income fell to $5.84 million, or 8 cents a share, from $37 million, or 52 cents, a year earlier.
BUSINESS
January 26, 2006 | From Reuters
Callaway Golf Co. posted a narrower loss in its fourth quarter, beating Wall Street estimates, as the company continued restructuring efforts and sales improved. The company said its net loss was $18.7 million, or 27 cents a share, compared with a loss of $28.5 million, or 42 cents, a year earlier. The results include a charge of 5 cents a share related to the integration of the company's Top-Flite operations and ongoing restructuring.
BUSINESS
May 14, 1998 | From Bloomberg News
Shares of Callaway Golf Co. fell about 10% on Wednesday after the golf club maker said currency turmoil in Asia and increased price competition could cut its second-quarter earnings to about 50% below analysts' estimates. President and Chief Executive Donald H. Dye said Callaway's earnings could be as much as 30 cents a diluted share less than analyst expectations.
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