Callaway Golf Shares Card a Birdie as Company Sees Rebound in Sport


Callaway Golf  (ELY) – Get Report warned of a first-quarter-earnings shortfall but contends golfers will hit the links again as the coronavirus comes under control..

At last check Callaway’s stock price rose 4.8% to $11.14 after the Carlsbad, Calif., golf-equipment company told investors that first-quarter profit and revenue were likely to come in significantly lower than expected as the coronavirus shut down golf courses around the world.

Callaway, which is set to report its first-quarter earnings next month, now expects revenue to come in between $438 million and $443 million.

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