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Callaway Golf Company (ELY)

Stock (Consumer Products Industry, Retail Industry, Sporting Goods Industry)

Callaway Golf expects profit in Q3; raises guidance for 2007 Callaway Golf Co expects to report profit for the third quarter of 2007. For Q3, the company expects earnings up to $0.02 per share while analysts expected a loss of $0.05 per share for the third quarter. Further, the company expects net sales of approximately $236 million, up 22% from $194 million last year, while the analysts have consensus revenue estimate of $199.12 million for the third quarter. The company also raised its financial outlook for fiscal 2007.

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