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Callaway Golf Co Lowers FY 2013 Guidance

Thursday, 25 Jul 2013 04:15pm EDT 

Callaway Golf Co announced that for fiscal 2013, it expects net sales are estimated to be $810-$820 million, compared to previous guidance of $830 million and non-GAAP pre-tax loss within a range of $9 million to breakeven, which based upon an assumed tax rate of 38.5% equates to an estimated non-GAAP net loss within a range of $6 million to breakeven and a non-GAAP loss per share of $0.12-$0.04 including the impact of dividends paid on the Company's outstanding convertible preferred stock. The Company's prior guidance was for net income at breakeven and a loss per share of $0.04. According to I/B/E/S Estimates, analysts are expecting the report revenue of $828 million, pre tax profit of $1.40, Net loss of $4.31 million, EPS of $(0.07) for fiscal 2013. 

Company Quote

0.07 +0.93%
29 Aug 2014