Ashworth Loses $3.9 Million This Quarter

by The Editors on December 29, 2007

In a report released late Friday, Carlsbad golf clothing designer Ashworth Inc. announced that it only lost $3.9 million in the last quarter. And they are apparently happy about this. Ashworth said:

. . . its new management team is working on a turnaround plan to return the company to profitability. The plan will ‘take hard work and time and may result in short-term peaks and valleys,’ said Ashworth.

Darn, those pesky short term peaks and valleys. . .

[Link: CNNMoney.com]

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