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Callaway Cuts Losses
October 26, 2005
Callaway Golf has reported that it has cut its third quarter losses to $4.8 million, down from $35 million in the third quarter a year ago.
If charges for its acquisition of Top-Flite were excluded, Callaway would actually have shown a profit.
Much of the turnaround came from a 23% growth in the golf ball market.
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