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Callaway earnings boost shares

In Brief | SPORTING GOODS

October 18, 2007|From Times Wire Services

Shares of Callaway Golf Co., the maker of Big Bertha golf clubs, jumped in after-hours trading after the company raised its annual profit forecast because of improving margins.

The club maker, based in Carlsbad, Calif., boosted its 2007 earnings-per-share forecast to 85 to 89 cents, compared with an earlier range of 78 to 84 cents.

The company forecast annual sales of as much as $1.11 billion, topping the average analyst estimate of $1.08 billion.

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