Sunoco Debuts "Essence Of Racing" Campaign Executive Transactions Isiah Thomas Expected Backlash Over Hiring FanDuel Brings On Most Of Zynga Sports Team Georgia Approves Increased Athletic Budget Kentucky Adding Ribbon Boards At Rupp IndyCar Ponders How To Attract Fans Long Term Jeff Gordon Hired As Full-Time Analyst For Fox Danica's Sponsorship Status To Be Telling For NASCAR Classified Advertisements
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