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Callaway Golf Co

BUSINESS
September 27, 2002 | From Reuters
Callaway Golf Co. appeared to be nearing the rough after warning Thursday that its third-quarter and full-year revenue and profit will fall short of targets. Sales of its new titanium driver, it said, may not offset softness in the golf equipment business. Citing weak consumer spending in the United States, Japan and elsewhere, Callaway sees third-quarter sales of $155 million to $160 million and earnings per diluted share of 13 cents to 15 cents.
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BUSINESS
March 4, 1998 | Bloomberg News
A U.S. district judge denied a motion by Callaway Golf Co. to prevent Evenflo & Spalding Holding Corp.'s Spalding Sports Worldwide Inc. from selling golf balls in packaging that uses Callaway Golf's name. After a one-hour hearing, Judge Alicemarie Stotler in Santa Ana dismissed Callaway's lawsuit that sought a temporary injunction to prevent Spalding from shipping the Top-Flite Ball/Club System C golf ball, which it says is designed to match Callaway's clubs.
BUSINESS
March 4, 1998 | Bloomberg News
A U.S. District Court judge denied a motion by Callaway Golf Co. to prevent Evenflo & Spalding Holding Corp. from selling golf balls in packaging that uses Callaway Golf's name. After a one-hour hearing, U.S. District Judge Alicemarie Stotler dismissed a lawsuit by Carlsbad-based Callaway that sought a temporary injunction to prevent Spalding from shipping the Top-Flite Ball / Club System C golf ball, which it says is designed to match Callaway's clubs.
BUSINESS
April 24, 2003 | From Reuters
Golf equipment maker Callaway Golf Co. on Wednesday posted strong quarterly earnings but cautioned that it did not expect the traditional start of the golf season to provide the usual lift to sales in the current quarter. The Carlsbad-based maker of Big Bertha drivers and woods stuck to its full-year forecast despite the higher-than-expected first-quarter profit, warning that a range of factors, including the war in Iraq and the SARS virus, had battered consumer confidence.
BUSINESS
July 27, 2006 | From the Associated Press
Callaway Golf Co. of Carlsbad, Calif., said second-quarter profit jumped 23% but fell short of Wall Street expectations. Callaway said it earned $22.5 million, or 33 cents a share, compared with $18.4 million, or 27 cents, a year earlier. Results include 3 cents a share in stock-option costs and 2 cents in one-time charges. Excluding items, Callaway earned 38 cents a share, less than the 45 cents expected by analysts polled by Thomson Financial. Revenue grew 5.8% to $341.8 million.
BUSINESS
May 2, 2008 | From Times Staff and Wire Reports
Callaway Golf Co. posted quarterly earnings that beat Wall Street estimates and said it now expected full-year profit at the low end of its forecast. The Carlsbad-based company, which has been cutting costs and making its operations more efficient, said first-quarter net income grew to $39.7 million, or 61 cents a share, from $32.8 million, or 48 cents, a year earlier. The results included a 1-cent-a-share charge related to margin improvement efforts. Analysts had been looking for 60 cents a share, according to Reuters Estimates.
BUSINESS
August 27, 2005 | From Bloomberg News
A judge Friday halved the $2.2-million verdict won by Callaway Golf Co. over claims that Dunlop Slazenger Group Americas Inc. wrongly advertised that its golf balls went farther than others. Jurors in federal court in Delaware last year awarded Carlsbad, Calif.-based Callaway, the maker of Big Bertha woods and irons, $1.1 million for lost sales plus the same amount for costs of future advertising to promote its own long-range golf balls. "To allow Callaway to receive another $1.
BUSINESS
October 31, 2008 | Times Wire Services
Callaway Golf Co. said it swung to a third-quarter loss as consumers cut back on purchases of discretionary goods and shifted to lower-priced models of the company's golf clubs and balls. Carlsbad, Calif.-based Callaway reported a net loss of $7.4 million, or 12 cents a share, compared with net income of $1.3 million, or 2 cents, a year earlier. Analysts surveyed by Thomson Reuters had forecast a narrower loss in the latest period of 9 cents a share. Sales fell 9% to $213.
BUSINESS
July 21, 2000
* Callaway Golf Co. said it named Gateway Inc. executive Brad Holiday as its chief financial officer, effective Aug. 15. Holiday, 46, most recently served as vice president of financial planning and analysis at Gateway. Before joining the computer maker, he held financial positions with Nike Inc., Pizza Hut and General Mills. * Animation firm Will Vinton Studios of Portland, Ore., has named Chris Rico director of development. He will be based in Los Angeles.
BUSINESS
May 14, 1998 | From Bloomberg News
Shares of Callaway Golf Co. fell about 10% on Wednesday after the golf club maker said currency turmoil in Asia and increased price competition could cut its second-quarter earnings to about 50% below analysts' estimates. President and Chief Executive Donald H. Dye said Callaway's earnings could be as much as 30 cents a diluted share less than analyst expectations.
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