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Callaway Golf Q2 profit climbs YOY

Callaway Golf Co. said its second-quarter normalized net income amounted to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

EPS climbed year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.1 million, a gain from $3.3 million in the year-earlier period.

The normalized profit margin climbed to 4.0% from 1.4% in the year-earlier period.

Total revenue came to $230.5 million, compared with $231.9 million in the prior-year period, and total operating expenses fell from the prior-year period to $211.9 million from $221.1 million.

Reported net income increased on an annual basis to $14.1 million, or 15 cents per share, from $3.1 million, or 4 cents per share.