Callaway Golf Co. (ELY) reported a net loss for the fourth quarter of $72.8 million or $1.03 per share, compared to a net loss of $65.6 million or $1.01 per share for the year-ago quarter.
Excluding items, pro forma loss for the fourth quarter was $0.49 per share, compared to a pro forma loss of $0.41 per share in the prior year quarter.
Net sales for the fourth quarter fell to $117.88 million from $153.87 million a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.49 per share on revenue of $124.08 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecast full year 2013 net sales of about $850 million. The company estimates that 2013 full year pro-forma net income will be breakeven with a pro forma loss per share of $0.04 due to the impact of dividends paid on the company's outstanding convertible preferred stock
Analysts currently expect the company to earn $0.01 per share on revenue of $853.57 million for the full year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.