Kentucky-Arkansas Hoops Set For CBS MLS Set For Three Days Of CBA Talks NFL Hires Chief Republican Lobbyist Hisense To Invest More In NASCAR Earthquakes To Debut New Stadium MLBAM Launches MLB At Bat Update Classified Advertisements Ovechkin Signs With Fanatics Authentic Weekend Plans With NBC's Jim Bell Fresno State Gets Fresh Start With Bartko
SBD/Issue 135/FinancePrint All
Callaway Golf said that Q1 sales and earnings “would fall short of Wall Street’s expectations as the company reworks an aggressive product strategy that led to trouble last year,” according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway now expects revenue of about $300M and earnings of $0.26-0.28 per share, including a $0.03 integration charge “linked to the purchase of Top-Flite” in ’03. Analysts surveyed by Thomson Financial “were looking for higher operating profit of [$0.49] per share on revenue of $339.3[M].” Gilford Securities analyst Casey Alexander: “I think the whole industry is likely to miss in the first quarter because everywhere people play golf there was four inches of rain every day.” Callaway lost $10.1M in ’04 and made a $45.5M profit in ’03 (SAN DIEGO UNION-TRIBUNE, 4/7).
SEC, NASD Investigating
PGA Tour Pro-Am Slots