CARLSBAD, Calif. (AP) _ Callaway Golf Co. (ELY) on Monday reported third-quarter net income of $52.4 million.

The Carlsbad, California-based company said it had profit of 54 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.

The maker of golf equipment and accessories posted revenue of $475.6 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $470 million.

Callaway shares have decreased 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.58, a fall of slightly more than 8% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELY at https://www.zacks.com/ap/ELY

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News