Calloway Golf Co (ELY)

[detearing]

ELY sank 8% yesterday on the following...so I doubled my position at $8.91. I stopped golfing many years ago, and always liked this brand and, oh yeah, that guy named Phil...

Callaway Golf Jumps 5% Late on Wide Q1 Beat, Strong FY14 Guidance
05:00 PM EDT, 04/23/2014 (MT Newswires) -- Shares of Callaway Golf Co(ELY) are surging after-hours as the company reports a strong Q1 performance and FY14 guidance compared to the year-ago performance and consensus by analysts polled by Capital IQ.

The company recorded Q1 EPS of $0.61, easily topping consensus of $0.44, and 30% higher than EPS of $0.47 a year ago. Revenue of $352 million beat analyst estimates for $311 million and increased 22% compared to $288 million a year ago.

For FY14, ELY sees EPS between $0.12-$0.16 on revenues of $880 million to $900 million vs. consensus of $0.19 on revenue of $896 million.

ELY is up 4.7% at $10.15 after-hours, near the stock's 52-week high of $10.35.

Price: 10.15, Change: +0.46, Percent Change: +4.7