Tony Khan Buys TrueMedia Networks CDI's '14 Net Income Down 16% From '13 Carlyle Group Buying PrimeSport From Clearlake Puma Misses Q4 Earnings Estimates WWE Posts Big Revenue Gains In Q4 Stats LLC Acquires Automated Insights Under Armour Tops $3B In Revenue For First Time Disney's Cable Division Income Hurt By ESPN WWE's Stock Shoots Up After OTT Announcement WME-IMG Acquires eSports Agency
Upcoming Conferences and Events
OAKLEY AND CALLAWAY RELEASE EARNINGS REPORTS
Published October 23, 1997
Oakley, Inc. announced its net income for the third quarter ended September 30, was $6.8M, or $0.10 per share, compared with a net income of $15.7M, or $0.22 per share, for the comparable '96 period. Net sales dropped to $59.4M, from $67.8M last year, with domestic sales totalling $36.9M and international net sales at $22.6M, compared with $47.4M and $20.3M, respectively, for the comparable '96 period (Oakley). Oakley's per-share net income fell 55%, while sales fell 12% from '96 3Q (WALL STREET JOURNAL, 10/23). CALLAWAY: Callaway Golf reported a "record net sales" of $257.4M for its third quarter ended September 30, an increase of 32% over net sales of $194.5M over the same period in '96. The company's net income for the same period of $37M, or $0.52 fully diluted earnings per share, includes a one-time pre-tax charge of $12M for the settlement of litigation between the company and a former officer. Net income without the $12M legal expense would have been $44.4M compared to $38.4M in 3Q '96, an increase of 16% (Callaway).