SBD/23/Finance

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  • FINANCE NOTES

              The Marquee Group announced that it has completed its
         public offering of 7.5 million shares of its common stock at
         $5.00 per share that will allow the company to complete its
         acquisition of ProServ (The Marquee Group)....FORBES ranks
         its 200 Best Small Companies in America.  Among them: 
         Speedway Motorsports at No. 39 and Churchill Downs at No.
         175 (FORBES, 11/3 issue)....The Convention & Visitors Bureau
         of Greater Cleveland estimates that the World Series will
         generate a "grand total" of $53M for the local economy,
         including "about" $21.7M directly from the World Series
         itself (AKRON BEACON JOURNAL, 10/22).
    
    

    Print | Tags: Churchill Downs Inc., Finance
  • OAKLEY AND CALLAWAY RELEASE EARNINGS REPORTS

              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).
    
    

    Print | Tags: Callaway Golf, Finance, Oakley
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