Callaway Golf Company have released its financial figures from the third quarter, recording a net profit of £600,000. The success has been largely attributed to the impressive sales of its latest products, predominantly its range of Fusion drivers .
The profits sparked an adjustment of the yearly predictions, with 2007 sales now expected to be between £525 million and £530 million, compared with previous forecasts of between £510 million and £520 million. Meanwhile, revenue also increased to over £110 million, a 22% rise from the previous year.
The results were all the more pleasing considering the company's performance in the same quarter one year previously, in which it recorded a loss of nearly £6 million.
The news is particularly pleasing for shareholders , with earnings per share altered from previous forecasts of between 37p and 40p per share to between 41p and 43p per share.
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Callaway Golf Enjoy Successful Quarter Wed, 07 Nov 2007 Recommended linksTop Golf CoursesGet New Golf Clubs Need a Golfing Trip? Top Sportswear Outlets Sports Bookies Cost Rises as Capel Bids for Golf Course Els Leads European Tour Order of Merit
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