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Callaway Golf Expects Loss of 25 Cents Per Share

Callaway Golf, the Carlsbad-based maker of clubs, balls and golf accessories, said Oct. 15 that it expects to report a net loss of 25 cents per share in the quarter ended Sept. 30, compared to a loss of 12 cents in the like quarter of 2008.

The corporation called the results preliminary. It will release final results Oct. 29.

Callaway estimated third-quarter net sales at $191 million, down from $213 million in the year-ago quarter.

The corporation trades on the New York Stock Exchange under the symbol ELY. Shares closed Oct. 15 at $8.75. In after-hours trading shares lost 4 percent of their value, slipping to $8.40.

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Over the last 52 weeks, ELY shares have traded hands at a low of $4.66 and a high of $10.67.

Callaway has 1,500 full-time employees in San Diego County and 1,200 outside the county.

, Brad Graves

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