Callaway Golf Increases Full Year Net Sales, Earnings Guidance - Quick Facts

(RTTNews) - Callaway Golf Company (ELY) increased its full year sales guidance by $15 million - $20 million to $1.23 billion - $1.24 billion as compared to prior guidance of $1.21 billion - $1.225 billion. The Company also increased its full year 2018 earnings per share guidance to $1.01 - $1.05 compared to prior guidance of $0.95 - $1.00.

Third quarter earnings per share increased to $0.10, compared to $0.03 for the third quarter of 2017. The company noted that it significantly improved profitability, including a 77% increase in income from operations as compared to the third quarter 2017. Net sales increased 8% to $263 million, compared to $244 million for the same period in 2017.