Callaway Expects Above-Par Earnings - TheStreet

Callaway Expects Above-Par Earnings

Revenue should also be better than expected.
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Callaway Golf

(ELY) - Get Report

said second-quarter earnings and sales should be higher than analysts are expecting as retail demand for its gear has been strong.

The maker of golf clubs estimated that net sales will be roughly $380 million, a year-over-year increase of around 11%. Callaway anticipates earnings of 50 cents to 53 cents a share, including charges of 2 cents.

Backing out the charge would put adjusted profits at 52 cents to 55 cents, ahead of the Thomson Financial consensus of 49 cents. Analysts are looking for revenue of $358.4 million.

For the same quarter of 2006, the company had net sales of $342 million and earnings of 33 cents a share. The company will release its actual second-quarter results on Aug. 1.