EARNINGS ROUNDUP / CALLAWAY GOLF
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Callaway Golf Co. posted a loss that met Wall Street estimates but declined to give a fiscal 2009 outlook, given uncertainty over consumer spending and foreign currency rates.
The golf equipment maker said its net loss in the fourth quarter was $3.2 million, or 5 cents a share, compared with a loss of $16.2 million, or 25 cents, a year earlier.
Carlsbad-based Callaway, which has been improving its supply chain while cutting costs, said revenue fell 2% to $171.27 million.
Callaway shares fell 4 cents to close at $8.76.
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