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Callaway Improves Over First Quarter of 2006

Callaway Golf Co., a Carlsbad maker of golf equipment, reported May 3 that it had net income of $33 million on net sales of $335 million during the quarter ended March 31.

That translates as 48 cents per diluted share.

In the year-ago quarter, Callaway reported net income of $23 million on net sales of $302 million. That equals 33 cents per diluted share.

Callaway trades on the New York Stock Exchange as ELY. On the first trading day after the announcement, May 4, shares stood at $18.09 just before the market closed, down 1 percent from their previous closing price.

, Brad Graves

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