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Callaway Golf Sees Profit Grow

Callaway Golf Co., a Carlsbad-based maker of golf equipment, reported first-quarter net income of $39.6 million, or 61 cents per diluted share, on net sales of $366.5 million, on May 1.

In the same quarter one year ago, the company reported net income of $32.8 million, or 48 cents per diluted share, on net sales of $334.6 million.

First-quarter sales rose 18 percent in Europe, compared with the first quarter of 2007, and they rose 41 percent in Japan, the company says. First-quarter sales were flat in the United States.

Callaway shares, which take the symbol ELY on the New York Stock Exchange, traded at $14 late in the day May 2, up 3 cents from the previous day’s closing price.

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, Brad Graves

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