Golfsmith International Holdings, Inc., (GOLF) reported third quarter net income of $1.1 million or $0.07 per share, compared to $2.84 million or $0.17 per share last year.
Excluding non-recurring litigation settlement charge, net income for the quarter would have been $1.5 million or $0.09 per share.
On average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share. Analysts' estimates typically exclude special items.
Net revenue declined to $90.59 million from $101.7 million in the prior year quarter.
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