Earnings trade - ELY , Callaway Golf Co.

ELY,Callaway Golf Co (Google Yahoo Earnings BW Chart)

The stock gapped up and got going. It might have a pullback but this is likely headed higher till next earnings season. This is what I saw last night.

Callaway Sees Surge in 2006 Profit
Thursday January 18, 5:16 pm ET
Callaway Sees Adjusted Earnings for 2006 Exceeding Wall Street Projections

CARLSBAD, Calif. (AP) -- Callaway Golf Co. said Thursday it expects to report adjusted 2006 earnings exceeded Wall Street estimates as expenses fell and sales of its core Callaway and Odyssey brands rose sharply.
Callaway anticipates adjusted earnings between 50 cents and 52 cents per share, excluding a charge of 8 cents per share for stock-based compensation, versus 38 cents per share a year ago. Analysts polled by Thomson Financial are looking for earnings of 39 cents per share, including stock-options charges.

Related posts in this series:
Earnings Season- Time to be very careful...
Earnings and Dan Zanger
Earning Surprise System for $1495
Trading Earnings Breakouts
Earnings Acceleration- Long Term Impact
Trading Earnings Breakout -Part1
Trading Earnings Breakouts -Part2
Trading Earnings Breakouts -Part3

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