swung to a wider loss than analysts were predicting in its fourth quarter, citing the lingering effects of Sept. 11.
The company lost $9.19 million, or 14 cents a share, on revenues of $105.3 million, in the latest quarter, compared with earnings of $4.6 million, or 7 cents a share, on revenues of $142.2 million in the year-ago period. Analysts had been predicting a loss of 8 cents a share on sales of $98.6 million in the latest fourth quarter.
Callaway said its first-quarter earnings will be 40 cents to 45 cents a share on revenues of $245 million to $255 million; analysts were predicting earnings of 39 cents a share. The company also predicted that 2002 net sales and operating earnings would top the $816.2 million and 84 cents a share it delivered in 2001.