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Business Briefing / SPORTING GOODS

Callaway lowers earnings forecast

October 15, 2008|From Times Wire Services

Callaway Golf Co. lowered its 2008 profit and sales forecast because of "turmoil in the global financial markets."

The company expects profit of 92 cents to $1.02 a share on revenue of $1.13 billion to $1.15 billion, Carlsbad, Calif.-based Callaway said. Previously it predicted $1.08 to $1.18 a share on sales of $1.15 billion to $1.17 billion.

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