With the entire financial market falling down around us, it’s no wonder that Carlsbadistan’s golf industry is getting hard hit this fall. Now, the Big Bertha, Callaway Golf, has announced that there losses in the third quarter are going to be larger than expected.
“The significant deterioration in global economies over the last several weeks of third quarter have finally impacted what had been a record year for Callaway Golf,” Chief Executive George Fellows said in a statement. . . Callaway now expects revenue for the third quarter of $213 million, down from $236 million last year. The net loss for the quarter is expected to be 12 cents to 14 cents a share.
That doesn’t sound good.
[Link: San Diego Union-Tribune]
RSS Feed-Posts
{ 0 comments… add one now }