Callaway lowers earnings forecast
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.
