Callaway Golf Co. reported a net loss of $3.6 million, or 4 cents per diluted share, on net sales of $175.8 million in the three months ended Sept. 30.
The maker of golf clubs and balls reported a net loss of $1.1 million, or 1 cent per diluted share, on net sales of $168.6 million in the same quarter of 2014.
Though sales grew in the recent quarter, operating expenses also grew.
Callaway (NYSE: ELY) also increased its full-year earnings outlook to 12 cents to 15 cents per share; its previous earnings forecast was a penny to 6 cents per share. In addition, the business said annual net sales would be on the high end of its previous guidance of $830 million to $840 million.
The business reported its financial results on Oct. 21.