CARLSBAD, Calif. (AP) _ Callaway Golf Co. (ELY) on Wednesday reported a loss of $40.6 million in its fourth quarter.

The Carlsbad, California-based company said it had a loss of 43 cents per share. Losses, adjusted for costs related to mergers and acquisitions and amortization costs, came to 33 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The maker of golf equipment and accessories posted revenue of $374.6 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $335 million.

For the year, the company reported a loss of $126.9 million, or $1.35 per share, swinging to a loss in the period. Revenue was reported as $1.59 billion.

Callaway shares have increased 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.62, a climb of 53% 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

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