Callaway Golf (ELY -13.1%) sputters after it shanks one with its Q1 earnings report. The company...

|About: Callaway Golf Company (ELY)|By:, SA News Editor

Callaway Golf (ELY -13.1%) sputters after it shanks one with its Q1 earnings report. The company suspended its expanded full-year outlook, saying only (rather enigmatically) that it expects "significant improvement" in 2012. Shares were down as much as 21% in intraday trading.