According to a report released by Carlsbad’s Callaway Golf Co. (ELY) yesterday, it is highly likely that they will show a profit for the third quarter of this year. In the golf business that is apparently enough news for a celebration.
The high-end golf club maker said it expects its quarterly results to range from break-even to profit of 2 cents per share, including two charges and a gain on the sale of a building.
While the numbers won’t be released until November 1, the news was good enough to send the stock up $2 to $17.27 this morning in early trading.
[Link: Houston Chronicle]
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