Callaway Shares Drive Higher As Earnings, Outlook Beat Street View

By Wallace Witkowski Markets MarketWatch Pulse

Callaway Golf Co. shares rallied in the extended session Thursday after the golf-equipment maker's quarterly results and outlook topped Wall Street estimates. Callaway shares jumped 11% to $13.50 after hours. The company reported adjusted earnings of 30 cents a share on revenue of $308.9 million. Analysts surveyed by FactSet had estimated earnings of 22 cents a share on revenue of $283.7 million. For the second quarter, Callaway forecast adjusted earnings of 28 cents to 31 cents a share on revenue of $290 million to $300 million. Analysts had estimated 16 cents a share on revenue of $266.1 million.

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