4912974 said its first-quarter normalized net income came to 25 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.
EPS declined year over year from 26 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $24.2 million, a decrease from $24.9 million in the prior-year period.
The normalized profit margin dropped to 7.8% from 9.1% in the year-earlier period.
otal revenue rose 12.7% year over year to $308.9 million from $274.1 million, and total operating expenses increased 15.7% on an Callaway Golf Co..