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Callaway Golf Q1 profit falls YOY

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According to Market Intelligence, December 2022

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Callaway Golf Q1 profit falls YOY

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..