Callaway earnings boost shares
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From Times Wire Services
Shares of Callaway Golf Co., the maker of Big Bertha golf clubs, jumped in after-hours trading after the company raised its annual profit forecast because of improving margins.
The club maker, based in Carlsbad, Calif., boosted its 2007 earnings-per-share forecast to 85 to 89 cents, compared with an earlier range of 78 to 84 cents.
The company forecast annual sales of as much as $1.11 billion, topping the average analyst estimate of $1.08 billion.
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