Callaway Golf quarterly income jumps, largely on overseas growth
CARLSBAD, Calif. (AP) -- Callaway Golf Co. said Wednesday that its second quarter income jumped 10 percent due largely to growth overseas.
Net income grew to $37.1 million, or 58 cents per share, for the quarter, up from $36.6 million, or 53 cents per share, for the same quarter last year.
The results include an after-tax charge of 5 cents a share for the quarter and 2 cents a share for the same quarter of 2007.
The company's revenue dropped to $366 million, down from $380 million in the second quarter of last year.
The results exceeded Wall Street expectations. Analysts polled by Thomson Financial expected the company to earn 25 cents a share for the quarter.
Copyright 2008 Associated Press. All rights reserved.
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