Callaway Golf Reports Uptick In Q3 Revenue As Loss Narrows
Callaway Golf reported that its Q3 loss "narrowed from a year ago as it saw strong sales." The company's results "were better-than-expected and it boosted its 2013 outlook." Callaway reported a loss of $21M in the period ending Sept. 30, compared to a loss of $87M in the year-ago period. Revenue rose 20% to $178M from $148 million in Q3 '12. Callaway said that its results "benefited from cost cutting and more efficient operations" (AP, 10/24).