Charges Weigh On Callaway's Fourth Quarter Results

Callaway Golf widened its net losses to $34.9 million in the fourth quarter ended Dec. 31 from $18.2 million a year earlier, largely due to an impairment charge of $7.5 million for its Top-Flite brand and other charges, while revenues were virtually flat at $185.5 million against $185.9 million.

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